| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Private Target Merger | |
| Acquirer | Horizon Acquisition Corporation II | |
| Public | Yes | |
| Industry | Financial Institutions (banks, insurance, diversified) | |
| Private equity sponsorship | No | |
| Target | Flexjet, Inc. | |
| Public | No | |
| Industry | Aerospace and Defense | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | October 11, 2022 | |
| Transaction value | $3.1 billion | |
| Form of consideration | Equity | |
| Type of merger | Other (including double-dummy) | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Go-shop Provision | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | White & Case LLP | |
| Individual attorney(s) |
Joel Rubinstein; Daniel Nussen; Matthew Kautz; Neeta Sahadev |
|
| Acquirer Counsel | ||
| Law firm #1 | Sidley Austin LLP | |
| Individual attorney(s) |
Myles Pollin; Bill Howell; Ryan Scofield |
|
| Acquirer Financial Advisors | ||
| Financial advisor #1 | Credit Suisse Securities (USA) LLC | |
| Financial advisor #2 |
RBC Capital Markets, LLC; Houlihan Lokey Capital, Inc. |
|