PRESS RELEASE
15 December 2020

Ogier Advises dMY Technology Group II On US$1.5 Billion Business Combination Agreement

O
Ogier

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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Ogier in Guernsey has advised dMY Technology Group Inc II (dMY II), a publicly traded special purpose acquisition company (SPAC)
Guernsey

Ogier in Guernsey has advised dMY Technology Group Inc II (dMY II), a publicly traded special purpose acquisition company (SPAC), on its agreement to combine with UK based Genius Sports Group Limited (GSG), a leading provider of sports data and technology powering the sports, betting and media market ecosystem.

As a result of the business combination, GSG and dMY II shareholders will exchange their shares for shares in a new Guernsey combined company which will be publicly listed on the New York Stock Exchange. 

The transaction implies a pro forma enterprise value of approximately $1.5 billion. In addition, a group of institutional and experienced industry investors has committed to participate in a related ordinary share PIPE (private investment in public equity) financing of approximately $330 million. The transaction is subject to closing conditions and is expected to close in the first quarter of 2021.

Partner Bryon Rees, managing associate Richard Doyle and consultant Michaela Jesson advised, supporting US and UK teams from lead counsel for dMY II, White & Case LLP, and lead counsel for GSG, Kirkland & Ellis LLP.

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.

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