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White & Case Advises Presto on its Merger with Ventoux CCM Acquisition Corp.

Global law firm White & Case LLP has advised Presto, a leading provider of restaurant labor productivity technologies, on its merger with Ventoux CCM Acquisition Corp. (NASDAQ: VTAQ), a publicly traded special acquisition company.  

The transaction gives the combined entity an implied pro forma equity value of approximately US$1.0 billion and includes a US$70 million private investment in public equity, or PIPE, from the issuance of convertible notes and equity. The combined company will be renamed Presto Technologies, Inc. and expects to list its common stock on Nasdaq.

The White & Case team was led by partners Emery Choi and Laura Katherine Mann in Houston and Colin Diamond in New York. The team also included associates Dilara Erik and Xuefeng Wu in New York (M&A); partner Jonathan Michels and associates Adam Berkaw, Rana Ozer and J.P. Cumming in New York and associates Stephen Perry, Rachel Collier and John Cupit in Houston (Capital Markets); partner Laura McDaniels in Silicon Valley (Employment, Compensation & Benefits); and partner Steven Gee in New York (Tax). The team was assisted by international law clerk Joshua Butler in Silicon Valley (M&A). 

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