Waldencast Acquisition’s $345 Million Initial Public Offering

Shearman & Sterling advised Credit Suisse and J.P. Morgan as joint book-running managers on the IPO.

Waldencast Acquisition Corp., a special-purpose acquisition company, executed its initial public offering of 34.5 million units at an offering price of $10 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.

Waldencast Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to focus on businesses operating in the beauty, personal care and wellness sectors. The company is led by Michel Brousset, Chief Executive Officer and director, and Felipe Dutra, Executive Chairman of the Board of Directors.

Shearman & Sterling team included Merritt Johnson (Picture), Minkyu Park, Jenny Xia, Larry Crouch, Jennifer D. Morton, Thomas Donegan, Elias Allahyari, Taylor Pugliese, and Austin Jones.

Involved fees earner: Elias Allahyari – Shearman & Sterling; Larry Crouch – Shearman & Sterling; Thomas Donegan – Shearman & Sterling; Merritt Johnson – Shearman & Sterling; Austin Jones – Shearman & Sterling; Jennifer Morton – Shearman & Sterling; Minkyu Park – Shearman & Sterling; Taylor Pugliese – Shearman & Sterling; Jenny Xia – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Credit Suisse; J.P. Morgan Securities LLC;

Author: Martina Bellini