Global law firm White & Case LLP has advised dMY Technology Group, Inc. II (NYSE: DMYD) ("dMY II"), a special purpose acquisition company (SPAC), on its agreement to combine with UK-based Genius Sports Group Limited (GSG), a leading provider of sports data and technology powering the sports, betting and media ecosystem. The transaction implies a pro forma enterprise value for the combined company of approximately US$1.5 billion. White & Case also advised on a related ordinary share PIPE financing of approximately US$330 million led by a group of institutional and experienced industry investors.
dMY II is the second SPAC founded by Niccolo de Masi and Harry You. White & Case is also advising their first SPAC, dMY Technology Group, Inc., on its pending US$1.78 billion business combination transaction with Rush Street Interactive, LP, one of the fastest-growing online casino and sports wagering companies in the United States.
The White & Case cross-border team that advised on the transaction was led by partners Joel Rubinstein, Jonathan Rochwarger in New York and Tali Sealman in Silicon Valley, and included partners Era Anagnosti (Capital Markets) in Washington, DC; Ian Bagshaw and Richard Jones (M&A) in London; associates Neeta Sahadev, Gabrielle Hodgson both in Silicon Valley; Eric Clamage in Chicago, Adam Berkaw and Jordan Leon in New York and Irina Kozlova in London.
White & Case offers industry-leading expertise in M&A and capital markets across the globe, and is a destination practice for SPAC transactions. Our SPAC team has advised on SPAC transactions since 2004, and has represented clients in more than 75 SPAC IPOs (including 36 in 2020) that have raised aggregate gross proceeds of more than US$25 billion, and more than 30 SPAC business combination transactions (including 10 in 2020) with an aggregate value of more than US$35 billion.
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