Innovid’s Merger With Ion

White & Case LLP advised ION Acquisition Corp. 2 , Latham & Watkins LLP represented Innovid, while Debevoise & Plimpton LLP advised Morgan Stanley and Evercore LLC as placement agents in $150 million PIPE transaction in connection with the merger.

Innovid entered into a definitive merger agreement with ION Acquisition Corp. 2 Ltd. (NYSE: IACB), a special purpose acquisition company. The merger agreement values the company at an implied pro forma aggregate equity valuation of approximately $1.3 billion.

Innovid is the only independent omni-channel advertising and analytics platform built for television. Ion 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.

Latham & Watkins LLP represented Innovid in the deSPAC transaction with an M&A team led by New York partner Eyal Orgad and New York counsel Michael Vardanian, with New York associates Hancen Yu, Mack Weber, and Adam Weber, and a capital markets team by Washington, D.C. partner Jason Licht, New York partner Marc Jaffe, and London partner Joshua Kiernan, with Washington, D.C. associates Samuel Rettew and Thalia Garcia. Advice was also provided on tax matters by New York partner Jocelyn Noll, with New York associate Eric Kamerman; on intellectual property matters by Washington, D.C. partner Jeremy Wolsk, with Washington, D.C. associate Ryan Clore; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum.

The Debevoise team was led by capital markets partner Morgan Hayes and included associate Alice Gu.

White & Case LLP advised ION with a team led by partners Robert Chung and Colin Diamond in New York and Jason Rocha in Houston. The team also included partners Joel Rubinstein and Jonathan Rochwarger (Capital Markets), Seth Kerschner (Environmental), Steven Lutt (Real Estate), Sang Ji (Tax), and Victoria Rosamond (Executive Compensation) in New York; partners Marc Israel (Antitrust) and Tim Hickman (Data Privacy) in London; partner Howard Wettan (Tech Transactions) in Silicon Valley; partner Karalyn Mildorf (CFIUS) and counsel F. Paul Pittman (Cybersecurity) in Washington DC; associates Donte Bronaugh, James-Paul Cumming and Alla Schwalbenberg (all Capital Markets), Ketan Pastakia, Jaime Ma, Elizabeth Goodwin, Kelly Funderburk, Christian Berger, Michael Xu and Jennifer Chu (all M&A) in New York; associates Alejandro Martinez de Hoz (Disputes), Ashley Williams (Trade Compliance), and Mark Williams (Data Privacy) in Washington DC; associate Warren Hill (M&A) in Silicon Valley; and associates Neil Clausen (Tax), Philip Reyneke (M&A), and Rachel Collier (Capital Markets) in Houston.

Involved fees earner: Morgan Hayes – Debevoise & Plimpton; Ryan Clore – Latham & Watkins; Thalia Garcia – Latham & Watkins; Marc Jaffe – Latham & Watkins; Eric Kamerman – Latham & Watkins; Adam Kestenbaum – Latham & Watkins; Joshua Kiernan – Latham & Watkins; Jason Licht – Latham & Watkins; Jocelyn Noll – Latham & Watkins; Eyal Orgad – Latham & Watkins; Samuel Rettew – Latham & Watkins; Mikael Vardanyan – Latham & Watkins; Adam Weber – Latham & Watkins; Mack Leslie Weber – Latham & Watkins; Jeremiah Wolsk – Latham & Watkins; Hancen Yu – Latham & Watkins; Christian Berger – White & Case; Donte Bronaugh – White & Case; Robert Chung – White & Case; Neil Clausen – White & Case; Rachel Collier – White & Case; James-Paul Cumming – White & Case; Colin Diamond – White & Case; Kelly Funderburk – White & Case; Elizabeth Goodwin – White & Case; Tim Hickman – White & Case; Warren Hill – White & Case; Marc Israel – White & Case; Sang Ji – White & Case; Seth Kerschner – White & Case; Steven Lutt – White & Case; Jaime Ma – White & Case; Alejandro Martinez de Hoz – White & Case; Karalyn Mildorf – White & Case; Ketan Pastakia – White & Case; Paul Pittman – White & Case; Philip Reyneke – White & Case; Jason Rocha – White & Case; Jonathan Rochwarger – White & Case; Victoria Rosamond – White & Case; Joel Rubinstein – White & Case; Howard Wettan – White & Case; Ashley Williams – White & Case; Mark Williams – White & Case; Michael Xu – White & Case;

Law Firms: Debevoise & Plimpton; Latham & Watkins; White & Case;

Clients: Evercore Inc.; Innovid; ION Acquisition Corp 2; Morgan Stanley;

Author: Martina Bellini