NEW YORK, October 20, 2021 – Proskauer, a leading international law firm, announced today that it advised Rose Hill Acquisition Corporation (NASDAQ: ROSEU) ("Rose Hill" or the "Company"), a newly-formed special purpose acquisition company (SPAC), in its initial public offering on the Nasdaq Global Market on October 14.
The IPO raised gross proceeds of $143.75 million. Rose Hill was formed for the purpose of effecting a business combination with one or more businesses or entities. Rose Hill intends to focus its search on companies that operate in Latin American markets with an enterprise value of between $400 million to $1 billion, though it may pursue an initial business combination target in any business, industry or geographic location.
The Proskauer team advising Rose Hill Acquisition Corporation was led by partners Daniel Forman and Steven Burwell (Capital Markets); partner Daniel Ganitsky (PEMA); partner Kate Napalkova (Employee Benefits and Executive Compensation); partner Richard Corn and associate Bowon Koh (Tax); and associate Saulo Salles de Padua (Latin America).