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Latham & Watkins Advises Hippo in US$5 Billion deSPAC Merger with Reinvent Technology Partners Z

March 4, 2021
A multidisciplinary team advises the home insurance company in the transaction that will make Hippo a publicly traded company.

Hippo Enterprises Inc. (Hippo), the home insurance group that created a new standard of care and protection for homeowners, has entered into a definitive business agreement with Reinvent Technology Partners Z (Reinvent) (NYSE:RTPZ), a special purpose acquisition company (SPAC) that takes a “venture capital at scale” approach. Upon the closing of the transaction, the combined company will be publicly traded.

Latham & Watkins LLP represents Hippo in the deSPAC transaction. The mergers and acquisitions deal team was led by Bay Area partners Tad Freese and Chad Rolston, with Bay Area associates Adam Whitaker, Amanda Dillon, and Kevin Cergol. The capital markets team was led by Bay Area partner Miles Jennings, with Bay Area associates Andrew Bertolli and Nimrah Khan. Advice was also provided on intellectual property matters by Bay Area partner Anthony Klein and Los Angeles counsel Jia Jia Huang, with Los Angeles associate Nicole Nour; on benefits and compensation matters by Bay Area partner Ashley Wagner, with Bay Area associate Erik Ward; on tax matters by Bay Area partner Grace Lee, with Bay Area associate Jake Meninga; and on data privacy matters by Bay Area counsel Robert Blamires, with Bay Area associate Sam Maerz-Boening.

The firm has previously advised Hippo on several transactions including its acquisition of Spinnaker Insurance Company and its Series E funding.

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