Kirkland Advises AE Industrial Partners on Business Combination of BigBear.ai and GigCapital4
Kirkland & Ellis advised AE Industrial Partners and its portfolio company, BigBear.ai, a leading provider of artificial intelligence, machine learning, cloud-based big data analytics, and cyber engineering solutions, on the completion of BigBear.ai’s business combination with GigCapital4, Inc. (Nasdaq: GIGGU, GIG, GIGGW), a Private-to-Public Equity (PPE)TM entity also known as special purpose acquisition company. Upon completion of the business combination, the combined company changed its name to BigBear.ai Holdings, Inc. (“BigBear.ai”). The transaction values BigBear.ai at a $1.378 billion pro forma enterprise value.
Read the BigBear.ai press release
The Kirkland team was led by corporate partners Matthew Arenson and Jeffrey Swatzell and associates Eric Sweigard and Sophie Daroff with support from corporate partners Douglas Gessner and Jeremy Liss, capital markets partner Tim Cruickshank and associates Gena Olan Panter, Julianna Debler, Lune Klappe and Polina Pristupa, debt finance partners Michelle Kilkenney and Carolyn Aiken and associates Claire Rokita and Brennon Nelson, tax partner Rachel Cantor and associate Joe Morley, technology & IP transactions partners Aaron Lorber and Jeffrey Seroogy, government contracts partner Boyd Greene, employment and labor partner Michael Schulman and associate Jaime Wamble, employee benefits partner Jeffrey Quinn and associate Hannah Barlow, executive compensation partner Stephen Jacobson and associate Karsten Busby, environmental transactions partner Christian Semonsen, real estate partner Joshua Faulkner, and international trade and national security partner Mario Mancuso and associate Matt O’Hare.
