Sidley represented Gaming & Hospitality Acquisition Corp. (NASDAQ: GHACU) as issuer’s counsel in its US$200 million initial public offering (IPO). GHAC is a special purpose acquisition company (SPAC) sponsored by the owner of casino operator Affinity Gaming, a portfolio company of Z Capital Group, LLC (ZCG). Both Affinity Gaming and ZCG are long-time clients of Sidley. The SPAC is focused on acquisition opportunities in the gaming and hospitality sectors. The IPO priced on February 2, 2021 and closed on February 5, 2021.
The team was led by Vijay Sekhon (M&A and Private Equity), Mike Heinz, and Beau Blakely (Capital Markets), and included David Lichtstein, Jillian Lee, and Ei Jae Chang (Capital Markets); Ben Rosemergy and Richard Schneider (Employee Benefits); and Christian Brause and Rémi Gagnon (Tax).