UBS and RBC Serve as Joint Book-Running Managers for IPO of Global Partner Acquisition Corp II
January 15, 2021
New York and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that it advised UBS Securities LLC and RBC Capital Markets, LLC as joint book-running managers for the $300 million upsized initial public offering by Global Partner Acquisition Corp II.
Global Partner Acquisition Corp II priced its IPO of 30,000,000 units at $10.00 per unit. Each unit consists of one share of the company’s Class A common stock, one-sixth of one redeemable warrant and the contingent right to receive, under certain circumstances, an additional one-sixth of one redeemable warrant. The shares began trading on the Nasdaq Capital Market under the ticker symbol “GPACU” on January 12, 2021.
Led by CEO and Chairman Paul Zepf, Global Partner Acquisition II was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination. The company intends to focus on businesses with enterprise values between $1 billion and $3 billion with target industries in the consumer, food, branded products, e-commerce and retail disruptors and consumerization of healthcare, as well as certain service sectors and the technology underlying and driving changes across these sectors and related industries.
The Paul Hastings team advising UBS and RBC included partners Frank Lopez, Jonathan Ko and Douglas Schaaf, of counsels James Shea and Jacqueline May, and associates Shai Marshall, Riley Millender and Amy Lawrence.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.