Peridot Acquisition Corp.’s $300 Million Initial Public Offering


Kirkland & Ellis advised Peridot Acquisition Corp. on the deal.

Peridot Acquisition Corp., a special purpose acquisition company, executed its $300 million initial public offering, which closed on Sept. 28, 2020. Peridot’s shares began trading on the New York Stock Exchange under the ticker symbol “PDAC” on Sept. 24.

UBS Securities LLC and Barclays Capital Inc. acted as joint book running managers and Tudor, Pickering, Holt & Co. Securities, LLC acted as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.

Peridot is sponsored by an affiliate of Carnelian Energy Capital Management, LP and will target businesses in the electrification, clean fuel transportation, self-directed and autonomous mobility and related infrastructure, energy storage and efficiency, smart grid technology and renewable energy sectors.

Kirkland & Ellis advised Peridot with a team led by capital markets partners Christian Nagler (Picture), Debbie Yee and Cephas Sekhar and associates Austin Elliott and Erin Eberle; transactional partner Allan Kirk and associate Zach Savrick; tax partners David Wheat and Steve Butler and associate Joe Tobias; and investment funds partners Matt Nadworny and Laura Stake.

Involved fees earner: Stephen Butler – Kirkland & Ellis; Erin Elizabeth Eberle – Kirkland & Ellis; Austin Elliott – Kirkland & Ellis; Allan Kirk – Kirkland & Ellis; Matt Nadworny – Kirkland & Ellis; Christian Nagler – Kirkland & Ellis; Zach Savrick – Kirkland & Ellis; Cephas Sekhar – Kirkland & Ellis; Laura Stake – Kirkland & Ellis; Joe Tobias – Kirkland & Ellis; David Wheat – Kirkland & Ellis; Debbie Yee – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Peridot Acquisition Corp.;

Author: Ambrogio Visconti