Bilander Acquisition’s $150 Million Initial Public Offering

Davis Polk advised Bilander Acquisition Corp. on the deal.

Bilander Acquisition Corp. executed its $150 million initial public offering of 15,000,000 units. Each unit had an initial offering price of $10 and consists of one share of Class A common stock and one-fourth of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Capital Market. 

Bilander Acquisition Corp. is a newly incorporated special purpose acquisition company (SPAC) whose business purpose is to effect a business combination with one or more businesses. The company is sponsored by True Wind Capital, a San Francisco-based, technology-focused private equity firm managing approximately $1.4 billion. The company intends to focus on targets in the technology industry. 

The Davis Polk capital markets team included partners Derek Dostal (Picture) and Yan Zhang and associates Alexander Kraik, Matthew Bruno Masaro and Courtney Sohn. The tax team included partner Michael Farber and associate Bradford Sherman. Partner Adam Kaminsky and associate Charlotte R. Fabiani provided executive compensation advice.

Involved fees earner: Derek Dostal – Davis Polk & Wardwell; Charlotte Fabiani – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; Alexander Kraik – Davis Polk & Wardwell; Matthew Masaro – Davis Polk & Wardwell; Bradford Sherman – Davis Polk & Wardwell; Courtney Sohn – Davis Polk & Wardwell; Yan Zhang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bilander Acquisition Corp.;

Author: Martina Bellini