A cross-departmental Matheson team led by Patrick Spicer and Fergus Bolster with fellow Partners, John Ryan, Mark O’Sullivan and Kieran Trant, together with team members Anna O’Carroll and Liam Markham, is pleased to be advising MariaDB Corporation Ab on its announced transaction to go public through a business combination with NYSE-listed SPAC, Angel Pond Holdings Corporation, in a deal which reflects a combined enterprise value of approximately $672 million. Upon closing of the transaction, the businesses will be combined through an Irish incorporated parent, to be named MariaDB plc, whose ordinary shares will be listed on the NYSE.
MariaDB is one of the fastest growing and most popular open source database software companies in the world.
The transaction will require the approval of the shareholders of both MariaDB Corporation Ab and Angel Pond Holdings Corporation, and is subject to other customary closing conditions, including a registration statement on Form S-4 being declared effective by the U.S. Securities and Exchange Commission and approval by the New York Stock Exchange to list the ordinary shares of MariaDB plc. The transaction is expected to close in the second half of 2022.
Our leading team of corporate and tax lawyers has consistently been at the forefront of advising on the largest and most complex re-domiciliation, inversion, M&A and capital markets transactions involving Irish registered companies listed on national US markets, and brings unparalleled experience, expertise and practical knowledge of how to navigate the territory where Irish and US securities regulation, tax and company law and governance intersect.
Matheson is standing Irish legal and tax counsel to approximately one third of large and mid-cap Irish registered companies listed on the NYSE and Nasdaq.