Deal or Case news
16.12.2021
On 14 December 2021, SIGNA Sports United (SSU), the world’s leading sports e-commerce and technology platform, completed its $3.2bn business combination with Yucaipa Acquisition Corporation. SSU shares began trading on the New York Stock Exchange on 15 December 2021.

This de-SPAC transaction closed in conjunction with SSU’s acquisition of the WiggleCRC Group, creating the world’s largest online bike platform.

With this transaction, NautaDutilh has positioned itself even more as the market leader for companies seeking a US listing. NautaDutilh represents half of the Dutch companies with a US listing and has been involved in the IPO or de-SPAC transaction of 2/3rd of those companies, more than any other Dutch law firm.

'SIGNA Sports United disproves the myth of a de-SPAC transaction being an endgame. It is not. In many deals, the de-SPAC is used as a cross-over financing round and, in this one, as a tool to secure acquisition financing. We are proud to have worked alongside Skadden in this innovative transaction', says lead partner Paul van der Bijl.

Paul van der Bijl led the NautaDutilh team which consisted of among others Koen Biesma, Marloes van der Laan, Nina Kielman and Jules van de Winckel.

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