Kirkland Advises PropTech Acquisition Corporation on Combination with Porch.com

Kirkland & Ellis advised PropTech Acquisition Corporation (NASDAQ: PTAC) (“PropTech”), a special purpose acquisition company targeting businesses in the real estate technology industry, on its definitive agreement to combine with Porch.com, Inc. (“Porch”), a leading software and services platform for the home inspection and home service industries. The deal is valued at $523 million, and is expected to close in the fourth quarter of 2020, subject to regulatory and stockholder approvals, and other customary closing conditions. The terms also call for Porch.com to receive $150 million in cash proceeds from a private-investment-in-public-equity issuance.

Read the press release from PropTech

The Kirkland team was led by  transactional partners Douglas Ryder and Abhishek Kolay, and capital markets partners Christian Nagler and Brooks Antweil; and also included litigation partner Judson Brown; tax partners Sara Zablotney and Sehj Vather; and transactional associates Dan Vaczy and Ryan Martin.