Cooper alloy manufacturer cunova GmbH is going public via SPAC merger with SDCL EDGE Acquisition Corp. As a result of the merger, cunova will be listed on the New York Stock Exchange with a post-transaction equity value of approximately $736 million. Additionally, cunova will simultaneously acquire KME Group’s aerospace specialty metals business. Osnabruck, Germany-based cunova and Paragon Partners, the majority shareholder of cunova, were represented by Latham & Watkins. The SPAC was advised by Skadden, Arps, Slate, Meagher & Flom. Davis Polk & Wardwell represented Rothschild & Co., which acted as financial adviser to the SPAC. KME was counseled by Morgan, Lewis & Bockius.
Industrial, Chemicals & Materials
February 21, 2024, 5:56 PM