Perella Weinberg Partners’ Business Combination Agreement With FinTech IV


Skadden, Arps, Slate, Meagher & Flom LLP advised Perella Weinberg Partners on the deal. Morgan Lewis & Bockius, LLP acted as legal counsel to FinTech IV. Davis Polk & Wardwell LLP acted as legal counsel to the private placement agents.

Perella Weinberg Partners (“PWP”), a leading global independent advisory firm, has entered into a definitive business combination agreement with FinTech Acquisition Corp. IV (“FinTech IV”), a special purpose acquisition company. Upon closing of the transaction, the combined company will operate as Perella Weinberg Partners and will be listed on NASDAQ under the new symbol “PWP.” The transaction reflects an implied equity value for the Company of approximately $975 million.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as private placement agents to FinTech IV.

Perella Weinberg Partners is a leading global independent advisory firm, providing strategic and financial advice to a broad client base, including corporations, institutions, governments, sovereign wealth funds and private equity investors. The firm offers a wide range of advisory services to clients in the most active industry sectors and global markets.

FinTech Acquisition Corp. IV is a special purpose acquisition company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the financial technology industry. The company raised $230,000,000 in its initial public offering in September 2020 and is listed on the NASDAQ under the symbol “FTIV.”

The Skadden team advising Perella Weinberg Partners included New York-based partners Joseph Coco (M&A; Picture), Blair Thetford (M&A), Michael Schwartz (Capital Markets), Joseph Penko (Executive Compensation and Benefits), Steven Messina (Banking) and Heather Cruz (Investment Management); and Chicago-based partner David Polster (Tax).

Morgan Lewis represented FinTech Acquisition Corp. IV with artners Kevin Shmelzer, Todd Hentges and Sean Donahue, of counsel Jeffrey Letalien, and associate Jackie Hamilton.

Involved fees earner: Sean Donahue – Morgan Lewis; Jackie Hamilton – Morgan Lewis; Todd Hentges – Morgan Lewis; Jeffrey Letalien – Morgan Lewis; Kevin Shmelzer – Morgan Lewis; Joseph Coco – Skadden Arps Slate Meager & Flom; Heather Cruz – Skadden Arps Slate Meager & Flom; Steven Messina – Skadden Arps Slate Meager & Flom; Joseph Penko – Skadden Arps Slate Meager & Flom; David Polster – Skadden Arps Slate Meager & Flom; Michael Schwartz – Skadden Arps Slate Meager & Flom; Blair Thetford – Skadden Arps Slate Meager & Flom;

Law Firms: Morgan Lewis; Skadden Arps Slate Meager & Flom;

Clients: FinTech Acquisition Corp. IV; Perella Weinberg Partners L.P.;

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Author: Ambrogio Visconti