GCM Grosvenor, a global alternative asset management firm, will become a public company through a merger with CF Finance Acquisition Corp. (CFAC) (NASDAQ: CFFA), a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm. The companies announced that they have entered into a definitive agreement to effect the transaction. The combined company will operate as GCM Grosvenor Inc. and expects its Class A common stock to be listed on the NASDAQ stock exchange. GCM Grosvenor's existing senior management team, led by Chairman & CEO Michael J. Sacks, will continue to lead the business. The transaction values GCM Grosvenor at $2 billion.
Latham & Watkins LLP represents GCM Grosvenor in the transaction with a corporate deal team led by New York partner Justin Hamill, with associates Nima Movahedi, Daniel Breslin, Shannon Cheng, Daniel Weissman, and Joshua Reisman. Advice was also provided on capital markets matters by Washington, D.C. partner Rachel Sheridan and Orange County partner Drew Capurro, with associates Christopher Bezeg, Lucas Balchun, and Jack Anderson; on tax matters by New York partner Lisa Watts, with associate Alan Kimball; on employee benefits matters by Bay Area partner Erin Murphy, with associates Megan Alessi and Anne Bracaglia; on public company representation matters by Washington, D.C. partner Joel Trotter and New York partner Jenna Cooper, with associate Jonathan Drory; on regulatory matters by New York partner Stephen Wink, Chicago partner Nabil Sabki, London partner Nicola Higgs, and Hong Kong counsel Simon Hawkins, with associates Naim Culhaci, Jackie Rugart, Jonathan Ritson-Candler, Sean Wells, and Kenneth Hui; on investment funds matters by New York partner Andrea Schwartzman, with associates John Reinert, Matthew Wynne, and Rita Astoor; on debt finance matters by New York partner Joshua Tinkelman and counsel Seniz Yakut; on intellectual property matters by Bay Area partner Anthony Klein, with associate Morgan Brubaker; on antitrust matters by Washington, D.C. partner Amanda Reeves, Frankfurt partner Max Hauser, and counsels Peter Todaro and Tomas Nilsson, with associate Anne Haas; on environmental matters by Washington, D.C. partner James Barrett; and on real estate matters by Chicago partner Robert Buday, with associates Zonia Medina and Euna Park.