Kirkland & Ellis advised Pathfinder Acquisition Corporation (NASDAQ: PFDR), a publicly traded special purpose acquisition company, on its business combination with ServiceMax, Inc., the leader in asset-centric field service management software. The transaction values ServiceMax at a pro forma enterprise value of approximately $1.4 billion. Upon closing of the transaction, ServiceMax will become a publicly traded company, and is expected to be listed on the Nasdaq Stock Exchange under the symbol "SMAX". The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2021.
The Kirkland team was led by corporate partners Ryan Brissette, Travis Nelson and Doug Bacon and associates Patrick Salvo and Daniel Yip, capital markets partners Matt Pacey and Julia Danforth and associate Steven Lackey, and tax partner Kevin Coenen.