Kirkland Represents Artisan on Business Combination with Prenetics
Kirkland & Ellis advised Artisan Acquisition Corp. (NASDAQ: ARTAU), a special purpose acquisition company founded by renowned Hong Kong cultural entrepreneur Adrian Cheng, on its business combination with Prenetics Group Limited, a global leader in genomic and diagnostic testing. The transaction values Prenetics at an enterprise value of approximately $1.25 billion with a combined equity value of approximately $1.7 billion. Upon closing of the transaction, the combined business will become a publicly traded company on the Nasdaq Stock Market under the ticker symbol “PRE”. The transaction is subject to customary closing conditions and is estimated to close in the fourth quarter of 2021 or the first quarter of 2022.
Read the Prenetics press release
The Kirkland team was led by transactional partners Jesse Sheley, Joseph Raymond Casey and Ram Narayan and capital markets partner Steve Lin. The team also included transactional partner Joey Chau, registered foreign lawyers Leo Zhou and Zhixin Liu and associates Michael Ning and Vincent Ko, capital markets partner Louis Rabinowitz and associate Olivia Wang, tax partners Mike Carew, David Wheat and Christine Lehman and associate Ruth Thomson, technology & IP transactions partner Min Wang and associates Alex Bassett Barata and Seth Pritchard, government, regulatory & internal investigations partners Cori Lable and Richard Sharpe and associates Grace Zhu and Jack Davies, executive compensation partner Rob Fowler and associate Julia Lee, employee benefits partner Maureen O'Brien, and antitrust & competition partners Annie Herdman and Michael Thorpe.
