Joel L. Rubinstein

Partner, New York

Biography

Overview

Joel Rubinstein is a partner at White & Case, and a member of the Firm’s Capital Markets Practice.

Joel has broad experience in corporate and securities matters, representing clients in public offerings and private placements of securities, complex business transactions, including private and public company mergers and acquisitions, and in organizing and investing in private investment funds.

Joel has particular expertise in advising issuers, underwriters and investment funds on the IPOs of special-purpose acquisition companies (SPACs), as well as M&A transactions between SPACs and operating companies. He has represented clients in more than 30 SPAC IPOs, raising aggregate gross proceeds of more than US$8 billion, and in more than 15 business combination transactions with an aggregate enterprise value of more than US$11 billion.

Bars and Courts
New York State Bar
Education
JD
University of Michigan Law School
BA
Wayne State University
Languages
English

Experience

Joel's experience prior to joining White & Case includes:

Public Offerings

  • Represented CF Corporation in its US$690 million IPO and US$510 million forward purchase agreements
  • Represented Citigroup as underwriter of the US$690 million IPO of Churchill Capital Corp and the US$690 million IPO of Churchill Capital Corp II
  • Represented GTY Technology Holdings Inc. in its US$552 million IPO
  • Represented New Frontier Corporation in its US$287.5 million IPO and US$190 million forward purchase agreements
  • Represented Collier Creek Holdings in its US$440 million IPO and US$35 million forward purchase agreements
  • Represented Diamond Eagle Acquisition Corp. in its US$400 million IPO; Platinum Eagle Acquisition Corp. in its US$325 million IPO; Double Eagle Acquisition Corp. in its US$500 million IPO; Silver Eagle Acquisition Corp. in its US$325 million IPO; and Global Eagle Acquisition Corp. in its US$190 million IPO
  • Represented Citigroup, Deutsche Bank Securities and Credit Suisse as underwriters of the US$377 million IPO of Kayne Anderson Acquisition Corp.
  • Represented Landcadia Holdings II, Inc. in its US$316,250 million IPO; and Landcadia Holdings, Inc. in its US$250 million IPO
  • Represented JS Capital, LLC and Soros Capital LLC in US$125 million of forward purchase agreements in connection with the US$300 million IPO of One Madison Corporation
  • Represented AR Capital Acquisition Corp. in its US$240 million IPO
  • Represented Industrea Acquisition Corp. in its US$230 million IPO
  • Represented Graf Industrial Corp. in its US$225 million IPO
  • Represented Netfin Acquisition Corp. in its US$220 million IPO
  • Represented Jefferies as underwriter of the US$200 million IPO of Forum Merger II Corporation
  • Represented Cantor Fitzgerald & Co. as underwriter of the US$200 million IPO of Mudrick Capital Acquisition Corporation
  • Represented BlackRock as anchor investor in the IPOs of Hennessy Capital Acquisition Corp. IV, DiamondPeak Holdings Corp., RMG Acquisition Corp., VectoIQ Acquisition Corp. and LF Capital Acquisition Corp.
  • Represented Levy Acquisition Corp. in its US$150 million IPO
  • Represented Riley Principal Merger Corp. in its US$125 million IPO
  • Represented ROI Acquisition Corp. II in its US$125 million IPO
  • Represented JWC Acquisition Corp. in its US$125 million IPO
  • Represented Global Eagle Entertainment Inc. (Nasdaq: ENT) in its: US$190 million underwritten follow-on offering; and US$50 million underwritten secondary offering
  • Represented Waitr Holdings Inc. (Nasdaq: WTRH) in its US$50 million underwritten follow-on offering
  • Represented UBS Securities LLC and Barclays Capital Inc., in connection with CIIG Merger Corp.'s in its US$250 million IPO

Exchange Offers

  • Represented Waitr Holdings Inc. (Nasdaq: WTRH) in its offer to exchange its outstanding public warrants for shares of the Company’s common stock
  • Represented Global Eagle Entertainment Inc. (Nasdaq: ENT) in its offer to exchange its outstanding public warrants for shares of the Company’s common stock

Mergers and Acquisitions

  • Represented CF Corporation in its US$2.2 billion business combination with Fidelity & Guaranty Life
  • Represented Platinum Eagle Acquisition Corp. in its US$1.4 billion business combination with Target Logistics Management, LLC and RL Signor Holdings, LLC
  • Represented Silver Eagle Acquisition Corp. in its US$1.3 billion business combination with Videocon d2h Limited
  • Represented Double Eagle Acquisition Corp. in its US$1.1 billion business combination with Williams Scotsman International, Inc.
  • Represented S. Well Services, LLC in its US$800 million business combination with Matlin & Partners Acquisition Corporation
  • Represented GTY Technology Holdings Inc. in its US$797 million business combination with six companies providing digital technologies to the public sector market
  • Represented Industrea Acquisition Corp. in its US$696 million business combination with Concrete Pumping Holdings, Inc.
  • Represented Landcadia Holdings, Inc. in its US$545 million business combination with Waitr Incorporated
  • Represented Global Eagle Entertainment Inc. (Nasdaq: ENT) in its US$550 million leveraged acquisition of Emerging Markets Communications
  • Represented JWC Acquisition Corp. in its US$500 million business combination with Tile Shop, LLC
  • Represented Global Eagle Acquisition Corp. in its US$430 million business combination with Row 44, Inc. and Advanced Inflight Alliance AG
  • Represented ROI Acquisition Corp. in its US$420 million business combination with EveryWare Global Inc. 
  • Represented Waitr Holdings (Nasdaq:WTRH) in its US$300 million acquisition of Bite Squad
  • Represented Diginex Limited in its US$276 million business combination with 8i Enterprises Acquisition Corp. (pending)
  • Represented Tecnoglass S.A. in its US$243 million business combination with Andina Acquisition Corporation 
  • Represented Zais Group in its US$163 million business combination with HF2 Financial Management Inc.
  • Represented VivoPower International PLC in its US$135 million business combination with Arowana Inc.
  • Represented 1347 Capital Corp. in its US$100 million business combination with Limbach Holdings, LLC
  • Represented Sunspire Health, a leading provider of behavioral health services for the treatment of substance abuse and other co-occurring disorders, in its sale to Kohlberg & Company, L.L.C., in a leveraged acquisition.
  • Represented B. Riley Principal Merger Corp. in its US$550 million business combination with Alta Equipment Holdings, Inc.
  • Represented Diamond Eagle Acquisition Corp. in its acquisition of DraftKings Inc. and SBTech, to become one public company, DraftKings.

Private Investment Funds

  • Represented StepStone, a global private markets firm overseeing US$70 billion of private capital allocations, in the formation of a variety of investment vehicles for pension funds and sovereign wealth funds, investments in private investment funds and secondary transactions involving private investment fund interests.
  • Represented Munich Private Equity Partners and RWB Private Capital in investing in over 80 private equity funds.
     
Speaking Engagements

"SEC focus on Cybersecurity in the Financial Services Industry," PLI program, January 2017

"SPACs Debut in Canada and Continue in the United States: Trends in SPAC IPOs and Business Combinations on Both Sides of the Border," Practical Law Canada, January 2016

"SPACs: Overview," Practical Law, Practice Note, December 2015

Publications

"SPACs Are Back, And With Friendlier Terms," Buyouts, June 2010

"New SPAC Structure Holds Promise for Private Equity Exits," June peHUB, 2010

Awards and Recognition

"500 Leading Lawyers in America," Lawdragon Magazine, 2020

"Notable Practitioner" for Capital Markets: Equity, M&A, and Private Equity, IFLR1000, 2019

2019 Finance, Banking, and Capital Markets Trailblazer, The National Law Journal, 2019