Kirkland & Ellis counseled Corcentric, Inc., a leading B2B network, on its business combination merger with North Mountain Merger Corp. (NASDAQ: NMMC) at a $1.2 billion enterprise value. The business combination will provide up to $182 million of gross proceeds to Corcentric, and includes a $50 million PIPE financing anchored by Wellington Management. The merger is subject to customary closing conditions.
The Kirkland team was led by corporate partners Kevin Crews and Doug DiMedio and associates Carl Witkin and Michael Nester; and capital markets partners Tamar Donikyan and Abbey Raish and associate Beth Palkovic. The team also included banking regulatory partner Edwin del Hierro; tax partner David Grenker; and executive compensation partners Matt Wood, Michael Krasnovsky, Abigail Lane and Steph Matko.