Priority Holdings LLC’s Combination with M I Acquisitions Inc.


Schulte advised Priority Holdings LLC, one of the nation’s fastest growing payments companies, in its definitive purchase agreement with M I Acquisitions Inc. to become a publicly traded company.

Priority and M I, a special purpose acquisition company, will combine and be renamed Priority Technology Holdings Inc. The transaction builds upon Priority Holdings’ growth strategy, uniquely positioning them as a highly differentiated technology platform that delivers a value-added collection of payment and business solutions. The transaction was announced in February 2018 and closed in July 2018.

The Schulte team that represented Priority Holdings was led by M&A and securities partner Michael Gilligan (Picture), investment management partner John Mahon, M&A and securities special counsel Xavier Kowalski and associates Audra Dowless and William Tevlin. The team also included investment management associates Karen Spiegel and Yehuda Ness; tax partner Dan Kusnetz and associate Philip Cooke; and employment & employee benefits partner Ian Levin and special counsel Stephen Brecher.

Involved fees earner: Michael Gilligan – Schulte Roth & Zabel; John Mahon – Schulte Roth & Zabel; Xavier Kowalski – Schulte Roth & Zabel; Audra Dowless – Schulte Roth & Zabel; William Tevlin – Schulte Roth & Zabel; Karen Spiegel – Schulte Roth & Zabel; Yehuda Ness – Schulte Roth & Zabel; Dan Kusnetz – Schulte Roth & Zabel; Philip Cooke – Schulte Roth & Zabel; Ian Levin – Schulte Roth & Zabel; Stephen Brecher – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Priority Holdings LLC;

Author: Ambrogio Visconti