Vector Acquisition Corporation II’s $450 Million IPO

Walkers’ Cayman Islands, instructed by Kirkland & Ellis LLP, acted as Cayman Islands counsel to Vector Capital in connection with the upsized US$450 million initial public offering of a special purpose acquisition company, Vector Acquisition Corporation II on the Nasdaq Capital Market.

The Company is the second blank check company formed by Vector Capital for the purpose of entering into a combination with one or more businesses with a focus on the technology and technology-enabled services sector.  Vector Capital’s previous SPAC (Vector Acquisition Corporation) recently raised US$300 million in September 2020 and is pending an acquisition of Rocket Lab.

Deutsche Bank Securities Inc. and BofA Securities, Inc. acted as joint book-running managers for the offering.

The Walkers team was led by Cayman Islands partner Melissa Lim (Picture) and senior counsel Matt Bernardo, with assistance from associate Jennifer Sangaroonthong and articled clerk Aoife Murphy.

The Kirkland team advising Vector Acquisition Corporation II was led by transactional partners Debbie Yee, Christian Nagler and Cephas Sekhar and associates Sami Ghubril and Jake Haskins.

Involved fees earner: Sami Ghubril – Kirkland & Ellis; Jake Haskins – Kirkland & Ellis; Christian Nagler – Kirkland & Ellis; Cephas Sekhar – Kirkland & Ellis; Debbie Yee – Kirkland & Ellis; Matt Bernardo – Walkers Global; Melissa Lim – Walkers Global; Jennifer Sangaroonthong – Walkers Global;

Law Firms: Kirkland & Ellis; Walkers Global;

Clients: Vector Acquisition Corporation II; Vector Capital;

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