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Latham & Watkins Advises Beacon Street Group on its US$3 Billion de-SPAC Combination with Ascendant Digital Acquisition Corp.

March 2, 2021
A multidisciplinary team advised the subscription platform for financial research, software, and education in the transaction that will make Beacon Street Group a publicly traded company.

Beacon Street Group, LLC, a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, and Ascendant Digital Acquisition Corp. (NYSE: ACND) have announced that they have entered into a definitive business combination agreement, which will result in Beacon Street becoming a publicly traded company.

Latham & Watkins represented Beacon Street Group in the transaction with a corporate deal team led by Houston partner Ryan Maierson, New York partners Marc Jaffe and Ian Schuman, and Chicago partner Jonathan Solomon, with associates Christopher Clark, Matthew Dixon, William Nahill, Jack Anderson, Lucy Chauvin, and C.J. Harrington. Advice was also provided on tax matters by New York partner Lisa Watts and Washington, D.C. partner Andrea Ramezan-Jackson; on intellectual property matters by Washington, D.C. partner Jeremy Wolsk, with associate Ryan Clore; on benefits and compensation matters by New York partner Bradd Williamson, with associate Anne Bracaglia; on compliance matters by Washington, D.C. partner Eric Volkman and Washington, D.C. counsel Timothy McCarten, with associate Elizabeth Annis; on regulatory matters by Chicago partner Laura Ferrell, with associate Jennifer Tian; on data privacy matters by Bay Area counsel Robert Blamires, with associate Jimmy Smith; and on environmental matters by Washington, D.C. partner James Barrett.