WilmerHale Represents Altimeter in Business Combination With Grab

Download IconDownload Print IconPrint

WilmerHale Represents Altimeter in Business Combination With Grab

Client News

Related Solutions

Leveraging our sophisticated technical, market and legal experience to help clients effectively and efficiently manage complex transactions and get the deal done.
WilmerHale’s corporate lawyers have a long history of experience with cross-border deals involving mergers and acquisitions, public offerings and capital markets, venture capital, joint ventures and other transactions.
WilmerHale has played a leading role in shaping the rules that govern the financial services industry in the United States.
Representing FinTech clients throughout their lifecycles.
WilmerHale’s Investment Management Group provides sophisticated legal and regulatory advice to investment advisers, private fund sponsors, registered funds, and their independent trustees.
WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
An interdisciplinary practice advising the full range of market participants on complex transactions involving SPACs.
Critical industry insight and formidable strength across key practices.

Grab Holdings Inc., Southeast Asia’s leading superapp, announced it intends to go public in the US through a business combination with Altimeter Growth Corp., a special purpose acquisition company, in a transaction valued at approximately $40 billion. The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming months.

Grab’s journey to becoming a US-listed public company will be effected through a business combination between Grab and Altimeter Growth. Pursuant to the proposed transaction, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company. The combined company is expected to have an equity value on a pro-forma basis of approximately $40 billion. At closing, the combined company is expected to receive approximately $4.5 billion in cash proceeds, including more than $4.0 billion from a fully committed PIPE offering. Additionally, funds managed by Altimeter Capital Management, LP have committed up to $500 million to a contingent investment.

WilmerHale is representing Altimeter Capital Management, LP in this transaction. The team includes Leonard Pierce, Glenn Pollner, Tim Silva, David Westenberg, Phil Gillespie and Seth Davis.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel