Shagufa R. Hossain, P.C.

Kirkland & Ellis advised semiconductor supplier Renesas Electronics Corp. (TSE: 6723) on a supply agreement with chipmaker Wolfspeed Inc. (NYSE: WOLF), which will allow Renesas to secure a 10-year supply commitment of silicon carbide bare and epitaxial wafers from Wolfspeed. As part of the agreement, Renesas provided a $2 billion deposit. Read the transaction press release The Kirkland team was led by debt finance partners Whitney Bosworth and Jason Kanner and associate Matt Truedson; corporate partners Marshall Shaffer and Daniel Wolf and associate Daniel Yip; international trade & national security partners Ivan Schlager and Nathan Mitchell; and capital markets partners Shagufa Hossain and Rachel Sheridan.

Jul 7

1 min

Kirkland & Ellis is advising Oaktree Capital Management, L.P. on the $420 million acquisition of Ambac Financial Group, Inc.’s (NYSE: AMBC) legacy financial guarantee insurance businesses, Ambac Assurance Corporation and Ambac UK. Oaktree will also receive warrants to acquire up to 9.9% of Ambac common stock at a strike price of $18.50. The transaction’s closing is subject to customary conditions, including regulatory approvals in the U.S. and U.K. and approval by Ambac’s shareholders, and is expected to take place in the fourth quarter of 2024 or first quarter of 2025. Read the transaction press release The Kirkland team was led by corporate partners Rajab Abbassi, Hamed Meshki and Kimberly Meng Han and associates Spencer Brass, Tammy Adereti, Joanne Moon and Jorge Arias; capital markets partners Rachel Sheridan, Shagufa Hossain and Anthony Sanderson and associate Aaron Simons; executive compensation partner Jack Stratton and associate Ambra Casonato; technology & IP transactions partner Matt Lovell and associate Justin Garfinkle; regulatory partners Parimah Hassouri and Daniel Fallon; tax partners Mike Beinus, Vivek Ratnam and Jake Jung; litigation partners Josh Greenblatt and Amal El Bakhar and associate Mary Guyer; employee benefits partners Matthew Antinossi; employment & labor partner Mari Stonebraker; and debt finance partners Katrina Levy and David Nemecek.

Jun 5

1 min

Grove Collaborative, a leading sustainable consumer products company, and Virgin Group Acquisition Corp. II (VGII) (NYSE: VGII), a publicly-traded special purpose acquisition company (SPAC) sponsored by Virgin Group, have announced they have entered into a definitive business combination agreement that will result in Grove becoming a public company. Upon closing of the transaction, the combined company will continue to operate under the Grove name and will be listed on the NYSE under the new “GROV” ticker symbol. The transaction will provide up to US$435 million in net proceeds to the Company, including an US$87 million fully committed common stock PIPE at US$10 per share. Latham & Watkins LLP represents the placements agents in the transaction with a corporate deal team led by Washington, D.C. partner Shagufa Hossain and New York partner Michael Benjamin, with Houston associates Om Pandya and Sarah Dunn.~~

Dec 9

1 min

On September 20, 2022, CoStar Group, Inc. (Nasdaq: CSGP) closed its previously announced offering of 10,656,436 shares of its common stock at a price of US$70.38 per share, in conjunction with the inclusion of CoStar’s common stock in the S&P 500 index as of September 19, 2022. Goldman Sachs & Co. LLC and J.P. Morgan acted as joint book-running managers for the offering. CoStar expects to use the net proceeds of the offering to fund all or a portion of the costs of any strategic acquisitions CoStar determines to pursue in the future, to finance the growth of its business and for working capital and other general corporate purposes. Latham & Watkins LLP represented CoStar in the offering with a capital markets deal team led by Washington, D.C. partners Jason Licht, Shagufa Hossain, and Julia Thompson and Washington, D.C. counsel Jonathan Drory, with associates Jessica Lennon and Kaan Ulgen. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson.~~

Sep 20

1 min

Voltus, Inc., the leading software technology platform monetizing Distributed Energy Resources (DERs), and Broadscale Acquisition Corp., a publicly-traded special purpose acquisition company, have announced a definitive agreement for a business combination that will result in Voltus becoming the first public pure-play DER-monetizing software technology company. Upon closing of the transaction, the combined company will be named Voltus Technologies, Inc. and will remain listed on the Nasdaq under the new ticker symbol “VLTS.” Latham & Watkins LLP represents Voltus in the transaction with a corporate deal team led by Boston partners Spencer Ricks and John Chory, Houston partner Ryan Maierson and Boston counsel Andrew Moosmann, with Boston associate Peter Prial and Washington, D.C. associate Jasmine Joseph. Advice was also provided on capital markets matters by Washington, D.C. partner Shagufa Hossain, with Houston associate Jessica Sherman; on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with Boston associate Jeremiah Cowen; on antitrust matters by Washington, D.C. counsel Patrick English; on intellectual property matters by Bay Area partner Anthony Klein; and on benefits and compensation matters by Washington, D.C. partner Matthew Conway, with Washington, D.C. associate Courtney Thomson.~~

Dec 1

1 min