Kirkland & Ellis advised CC Neuberger Principal Holdings II (NYSE: PRPB) (“CC Neuberger”), a publicly traded special purpose acquisition company formed through a partnership between CC Capital and Neuberger Berman, on its business combination with Getty Images, a preeminent global visual content creator and marketplace. The business combination values Getty Images at an enterprise value of $4.8 billion. Upon closing of the transaction, a newly formed parent company of Getty Images will become a publicly traded company, and its common stock is expected to be listed on the New York Stock Exchange under the symbol "GETY." The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the first half of 2022.
The Kirkland team was led by corporate partner Lauren Colasacco and associate Shachar Nir, capital markets partner Peter Seligson and associate Anthony Zangrillo, tax partners Benjamin Schreiner and Vivek Ratnam, and executive compensation partner Scott Price.