Latham & Watkins LLP

11/01/2019 | Press release | Distributed by Public on 11/01/2019 09:36

Latham Advises Platinum Equity and PAE on Merger with Gores-Sponsored SPAC

November 01, 2019

Platinum Equity portfolio company PAE, trusted provider of outsourced solutions for enduring missions of the United States government and international partners for over 60 years, has announced that it has entered into a definitive agreement and plan of merger with Gores Holdings III, Inc. (NASDAQ CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC. Upon closing, this transaction will introduce PAE as a publicly listed company, with an anticipated initial enterprise value of approximately US$1.55 billion.

Latham & Watkins LLP represents Platinum Equity and PAE in the transaction with corporate deal team led by partner David Dantzic with associates Rohith Parasuraman and Ryan Zumwalt. Advice was also provided by partner Lisa Watts with associate Anne McGinnis on tax matters; partner Matthew Conway with associate Kirk Porter on benefits and compensation matters; counsel Kyle Jefcoat on government contracts matters; partners Patrick Shannon and Brian Miller with associate Christopher Cronin on capital markets matters; and partner Scott Forchheimer with associate Melissa Frankel Fabian on finance matters. All lawyers are based in the firm's Washington, D.C., office, with exception of Ms. Watts and Ms. McGinnis, who are based in New York.