Executive Network Partnering Corporation’s $414 Million Initial Public Offering

Davis Polk advised Evercore Group, the representative of the several underwriters in connection with the initial public offering.

Executive Network Partnering Corporation executed its initial public offering of 16,560,000 CAPS, including 2,160,000 CAPS purchased pursuant to the full exercise of the underwriters’ option to purchase additional CAPS, for aggregate proceeds of $414 million. Each CAPS consists of one share of Class A common stock and one-fourth of one warrant to purchase one share of Class A common stock of Executive Network Partnering Corporation. The CAPS were listed on the New York Stock Exchange under the symbol “ENPC.U.”

Executive Network Partnering Corporation is a newly organized company established for the purpose of identifying a company to partner with in order to effectuate a merger, share exchange, asset acquisition, share purchase, reorganization or similar partnering transaction with one or more businesses. While Executive Network Partnering Corporation is not limited to a particular industry or geographic region, given the experience of its management team, its partnering transaction and value creation strategy is to identify and build a company in partnership with a company, its management team and existing owners.

The Davis Polk corporate team advising Evercore Group included partners Derek Dostal (Picture) and Deanna L. Kirkpatrick and associate David D. Kim. The tax team included partner Lucy W. Farr and associate Aliza Slansky. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Derek Dostal – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; David Kim – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Aliza Slansky – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Evercore Inc.;

Author: Ambrogio Visconti