Latham, Weil Gotshal Steer Vacasa's $4.5B SPAC Deal

By Emma Whitford (July 29, 2021, 5:32 PM EDT) -- Vacation home rental platform Vacasa said Thursday it will go public at an equity value of $4.5 billion through a merger with a private equity-backed blank-check company, with legal advice from Latham & Watkins LLP and Weil Gotshal & Manges LLP.

Latham-advised Vacasa will merge with TPG Pace Solutions, which is backed by TPG Pace Group — an arm of the private equity firm TPG. Expected to close "as soon as practicable," according to a joint announcement, the deal will see Vacasa trading under the ticker symbol "VCSA."

The deal is expected to land Vacasa $485 million in gross cash proceeds,...

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