PRESS RELEASE
17 March 2025

Proskauer Advises BC Partners On Strategic Investment In ContextLogic

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Proskauer Rose LLP

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The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. Our top tier team of star trial attorneys, acclaimed transactional lawyers and exceptionally talented partners and associates have earned a reputation for the relentless pursuit of perfection and a dauntless pursuit of success.
BOSTON, March 14, 2025 – Proskauer, a leading international law firm, announced today that it advised alternative asset manager BC Partners on its investment in ContextLogic Inc. (NASDAQ: LOGC) (“ContextLogic”).
United States

BOSTON, March 14, 2025 – Proskauer, a leading international law firm, announced today that it advised alternative asset manager BC Partners on its investment in ContextLogic Inc. (NASDAQ: LOGC) ("ContextLogic"). A fund advised by BC Partners Advisors L.P. will purchase up to $150 million of convertible preferred units of ContextLogic Holdings, LLC, a newly-formed Delaware limited liability company and a wholly-owned subsidiary of ContextLogic.

The strategic investment and capital commitment by BC Partners, which is being led by the firm's credit arm ("BC Partners Credit"), together with cash on hand, provides ContextLogic with access to up to $300 million of cash and $2.7 billion of cumulative net operating losses. Together BC Partners and ContextLogic will review, identify and evaluate opportunities for the benefit of ContextLogic and its stockholders.

BC Partners is a leading international investment firm in private equity, private debt and real estate strategies with c.€40 billion in assets under management. BC Partners Credit leverages the broader firm's deep industry and operating resources to provide flexible financing solutions to middle-market companies across business services, industrials, healthcare and other select sectors.

The Proskauer team was led by partners Benjamin Rubin (Private Credit); Jonathan Gill (M&A); and Martin Hamilton (Tax). It also included associates Joshua Spector and Samantha Volpe (M&A); and partner Richard Corn and associate Yomarie (Jo) Habenicht (Tax).

Contributor

The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. Our top tier team of star trial attorneys, acclaimed transactional lawyers and exceptionally talented partners and associates have earned a reputation for the relentless pursuit of perfection and a dauntless pursuit of success.

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