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Clifford Chance advises on Australia’s first SPAC merger deal
DCRN has been advised on its merger with Tritium Holdings, becoming the first Australian company to reach a deal with a SPAC.
Jerome Doraisamy
Firm: Clifford Chance (Decarbonisation Plus Acquisition Corporation II (DCRN)).
The combined company will be listed on NASDAQ and the transaction will provide gross proceeds of up to approximately US$403 million, the firm said in a statement.
Value: US$1.2 billion.
Area: Capital markets.
Key players: The Clifford Chance team was led by corporate partner Andrew Crook and counsel Tennie Tam, who were assisted by associates Isabelle Cameron, Christine Wang, Anne-Marie Jones and Melanie Ray.
Deal significance: Speaking about the listing, Mr Crook said: “We are very happy to be involved in this landmark SPAC project in Australia, which represents a pathway that is increasingly sought after by investors and companies to access the global public markets.”
Ms Tam added: “We expect this will lead to more of such transactions in Australia with exciting clients in varied sectors and we look forward to welcoming such opportunities.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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