CITIC Capital Acquisition’s $276 Million Initial Public Offering


Winston & Strawn LLP represented CITIC Capital Acquisition Corp. on the deal. Davis Polk advised Credit Suisse Securities (USA) LLC acting as sole underwriter for the offering.

CITIC Capital Acquisition Corp. closed its initial public offering of 27,600,000 units, which includes 3,600,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $276,000,000.

CITIC Capital Acquisition Corp. is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Winston team was led by Partner Joel Rubinstein (Picture; New York), Associate Daniel Nussen (Los Angeles), Associate Adam Berkaw (New York), Associate Audrey Bae (New York).

The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Derek Dostal and associates Rahul K. Patel and Ryan Lewis. The tax team included partner William A. Curran and associate Rebecca A. Rosen.

Involved fees earner: William Curran – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Ryan Lewis – Davis Polk & Wardwell; Rahul Patel – Davis Polk & Wardwell; Rebecca Rosen – Davis Polk & Wardwell; Audrey Bae – Winston & Strawn; Adam Berkaw – Winston & Strawn; Daniel Nussen – Winston & Strawn; Joel Rubinstein – Winston & Strawn;

Law Firms: Davis Polk & Wardwell; Winston & Strawn;

Clients: CITIC Capital; Credit Suisse Securities (USA) LLC;

Author: Ambrogio Visconti