3 Firms Lead Publisher Beacon Street's $3B Go-Public Deal
Law360 (March 2, 2021, 1:05 PM EST) -- Financial software and publications owner Beacon Street said Tuesday it's going public through a tie-up with blank-check company Ascendant in a deal valuing the new business at about $3 billion and led by Latham, White & Case and Ropes & Gray.
Retail investor-focused Beacon Street Group LLC said in a joint statement with Ascendant Digital Acquisition Corp. that the deal includes a $150 million private investment in public equity portion and will be funded partly through the $414 million that the special-purpose acquisition company raised in its initial public offering last summer.
"Going public by combining with Ascendant is the natural...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!