NEW YORK (October 3, 2013) – International law firm McDermott Will & Emery represented ROI Acquisition Corp. II (NASDAQ: ROIQU), a special purpose acquisition company (SPAC), in its initial public offering of 12,500,000 units, each consisting of one share of common stock and one warrant exercisable for one-half of a share of common stock. The units were sold at an offering price of $10.00 per unit for gross proceeds of approximately $125 million. Deutsche Bank Securities Inc. acted as the sole book running manager and representative of the underwriters of the offering.
ROI Acquisition Corp. II will seek to identify, acquire and operate a business, focusing on the consumer sector, and in particular the consumer products, retail, and restaurant industries, and the financial services sector, and in particular the asset management industry, in the United States or globally. No acquisition target has yet been identified.
ROI Acquisition Corp. II is led by Thomas J. Baldwin, Managing Director of the Clinton Group, Inc., Joseph A. De Perio, Senior Portfolio Manager at the Clinton Group, and George E. Hall, the Founder, CEO, President and Chief Investment Officer of the Clinton Group.
This same management team and an affiliate of the Clinton Group founded a previous SPAC, ROI Acquisition Corp., which McDermott represented in completing its $420 million business combination in May 2013, merging with EveryWare Global, Inc., a leading consumer products company. ROI Acquisition Corp.’s combination with EveryWare was the third $400 million+ SPAC business combination led by McDermott within the past year, following on the Firm’s representations of JWC Acquisition Corp. and Global Eagle Acquisition Corp. in their successful business combination transactions.
“We were very pleased to work again with ROI’s outstanding management team to complete this successful SPAC IPO,” said McDermott Corporate partner Joel Rubinstein. “The market for SPAC IPOs continues to be strong for high-quality sponsors, and McDermott is playing a leading role in helping these investment vehicles achieve their objectives.”
In addition to Mr. Rubinstein, the McDermott team included partner Jonathan Rochwarger, Counsel Polly Plimpton, and Associates Elliott Smith, Harold Davidson, Laura Olch Rosenblum and Zach Swartz.
Since 2003, McDermott has been a leader in representing issuers and underwriters in SPAC IPOs, and in representing SPACs and target companies in SPAC business combination transactions.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,100 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Further extending our reach to Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.