MSP Recovery’s $32.6 Billion Business Combination with Lionheart Acquisition Corp. II

Weil, Gotshal & Manges represented MSP Recovery in the transaction while Holland & Knight advised Lionheart Acquisition Corp. II.

MSP Recovery, LLC, a company specializing in Medicare Secondary Payer recovery rights and the recovery of improperly paid Medicaid and commercial payments, executed its $32.6 billion business combination with Lionheart Acquisition Corporation II, a SPAC sponsored by Lionheart Equities.

Upon closing, at this valuation, the transaction would be one of the top 3 largest SPAC transactions to date. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

The Weil team advising MSP Recovery, LLC was led by Mergers & Acquisitions partner Michael J. Aiello (Picture) and included Mergers & Acquisitions partner Amanda Fenster and Mergers & Acquisitions associates Katie Simmonds, Daniel Sotsky and Emily Ross. The team also included International Tax Head Devon Bodoh; Tax partner Greg Featherman; Tax associate Joshua Graybill (Admitted in New York Only); Capital Markets partner Corey Chivers; Capital Markets associate Joseph Hahn; Executive Compensation & Benefits Head Paul Wessel; Executive Compensation & Benefits associate Tricia Walsh; Public Company Advisory Group Co-Head Howard Dicker; Public Company Advisory Group partners Adé Heyliger and Lyuba Goltser; Public Company Advisory Group counsel Kaitlin Descovich; Technology & IP Transactions partner Charan Sandhu; Technology & IP Transactions/Privacy associates Robert Brown, Luis Gonzalez, Phillip Grudzina and Amanda DeMasi (Not Yet Admitted in New York); Environmental Head Annemargaret Connolly; Regulatory Transactions counsel John O’Loughlin; Regulatory Transactions associate Ariel Fliman; and Antitrust counsel Michael Naughton.

Holland & Knight Partner Maria Currier, who co-chairs the firm’s national Healthcare & Life Sciences Industry Group, led the team comprised of Partners Shannon Hartsfield and Eddie Williams, Senior Counsel Dan Silverboard, and Associates Grant Schnell and Sakinah Jones.

Involved fees earner: Maria Currier – Holland & Knight; Shannon Hartsfield – Holland & Knight; Sakinah Jones – Holland & Knight; Grant Schnell – Holland & Knight; Dan Silverboard – Holland & Knight; Eddie Williams – Holland & Knight; Michael Aiello – Weil, Gotshal & Manges; Devon Bodoh – Weil, Gotshal & Manges; Robert Brown – Weil, Gotshal & Manges; Corey Chivers – Weil, Gotshal & Manges; Annemargaret Connolly – Weil, Gotshal & Manges; Kaitlin Descovich – Weil, Gotshal & Manges; Howard Dicker – Weil, Gotshal & Manges; Greg Featherman – Weil, Gotshal & Manges; Amanda Fenster – Weil, Gotshal & Manges; Ariel Fliman – Weil, Gotshal & Manges; Lyuba Goltser – Weil, Gotshal & Manges; Luis Gonzalez – Weil, Gotshal & Manges; Phillip Grudzina – Weil, Gotshal & Manges; Joseph Hahn – Weil, Gotshal & Manges; Adé Heyliger – Weil, Gotshal & Manges; Michael Naughton – Weil, Gotshal & Manges; John O’Loughlin – Weil, Gotshal & Manges; Emily Ross – Weil, Gotshal & Manges; Charan Sandhu – Weil, Gotshal & Manges; Katie Simmonds – Weil, Gotshal & Manges; Daniel Sotsky – Weil, Gotshal & Manges; Tricia Walsh – Weil, Gotshal & Manges; Paul Wessel – Weil, Gotshal & Manges;

Law Firms: Holland & Knight; Weil, Gotshal & Manges;

Clients: Lionheart Acquisition Corporation II; MSP Recovery;

Author: Martina Bellini