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...

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