Kirkland & Ellis advised Tailwind Acquisition Corp. (NYSE: TWND), a special purpose acquisition company, on its business combination with QOMPLX, a cloud-native leader in risk analytics. Upon closing of the transaction, the combined company will operate as QOMPLX and plans to list under the symbol QPLX. The transaction reflects an estimated post-transaction equity value for QOMPLX of approximately $1.4 billion. The transaction includes a fully committed PIPE of $180 million anchored by Cannae Holdings with participation from institutional investors including Fidelity Management & Research Company LLC, Hedosophia and RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe. Completion of the business combination is subject to customary closing conditions and is expected in mid-2021.
The Kirkland team was led by corporate partners Jonathan Davis and Ryan Brissette and associate Jimin He, capital markets partners Peter Seligson and Aaron Michael Schleicher, tax partners Mike Beinus and Scott Fryman, and executive compensation partner Stephen Jacobson.