Sidley represented Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU), a special purpose acquisition company (“SPAC”), in its US$190 million initial public offering (“IPO”). The SPAC was sponsored by an affiliate of Hennessy Capital Group LLC, a serial SPAC sponsor and long-time client of the firm. Hennessy Capital Investment Corp. VII sold a total of 19 million units in the IPO, including 1.5 million units sold through the partial exercise of the underwriters' over-allotment option. Hennessy Capital Investment Corp. VII has not yet identified a specific target business, but it plans to acquire a company within the industrial technology or energy transition sectors and aims to focus on businesses with enterprise values of at least US$500 million.
The Sidley team was led by Michael P. Heinz (Capital Markets) and Jeffrey N. Smith (M&A and Private Equity), and included Dirk W. Andringa, Tanner L. Groce, Jeff Wysong, Jessica Li, and Jack N. Cadden; Katie Klaben (Capital Markets-Section 16); Carla G. Teodoro (Investment Funds); and Angela T. Richards and Alvin Wang (Tax).
