Kirkland & Ellis advised Wynn Resorts, Limited (NASDAQ: WYNN) on its combination of Wynn Interactive Ltd. with Austerlitz Acquisition Corporation I (NYSE: AUS.U), to create an independent public company. The combined company is expected to have a post-transaction enterprise value of approximately $3.2 billion and relist its shares on the Nasdaq Stock Exchange under the new ticker symbol “WBET”. The business combination includes approximately $640 million of cash proceeds from Austerlitz Acquisition Corp I, which is led by William P. Foley II, to help fuel growth. The business combination is subject to customary closing conditions and is expected to close by the end of 2021.
Read the Wynn Resorts press release
The Kirkland team was led by corporate partners Carlo Zenkner, Eric Schiele and Jonathan Davis and associate Marc Holloway, capital markets partners Robert Hayward and Luke Jennings, and tax partners Mike Beinus and Tara Rhoades.