Sidley is representing Horizon Acquisition Corporation II (NYSE: HZON) in its proposed business combination with Epic Aero, Inc., which is a subscription-based private aviation company operating Flexjet and other brands in the business. Horizon is a publicly traded special purpose acquisition company sponsored by an affiliate of Sidley client Eldridge Industries, LLC, which is controlled by Todd Boehly. The transaction implies a pro forma enterprise value for Flexjet of approximately US$3.1 billion. The closing, which is subject to customary conditions, is expected to occur in 2023. The resulting public company will be named Flexjet, Inc., and it is expected to be listed on the NYSE under the ticker symbol “FXJ.”
The Sidley team is being led by Myles C. Pollin (Global Finance), Bill Howell, and Ryan M. Scofield (M&A and Private Equity). The team also includes Bart Biggers, Jocelyne E. Kelly, Hannah L. Marshall, Eryn L. Berquist, Aida Kimiagar, Jackson Long, Grant Ellis, and Cameasha Turner (M&A and Private Equity); Sergio J. Guerrieri Rezende Filho (Global Finance); Christian Brause, Eric M. Grosshandler, Nathan Enfield, and Alvin Wang (Tax); Karen Kazmerzak, Elizabeth Chen, Patrick Harrison, Laura Collins, Flor Van Den Hende, Jamie Sadler, and Ali Sarwari (Antitrust/Competition); Eric Winwood and Sarah K. Recktenwald (Employee Benefits and Executive Compensation); Teresa Reuter, Erika B. Pringle, and Julia M. Sprangers (Labor and Employment); Sven De Knop, Alessandra Moroni, and trainee solicitor Nina Spieler (Global Arbitration, Trade and Advocacy); E. Kyle Barnett and Jennifer Coplan (Technology and Life Sciences Transactions); Alan Charles Raul, Stephen McInerney, and Carly Owens (Privacy and Cybersecurity); Heather Palmer and Sarah Jehl (Environmental); and Elizabeth McCloy and Joy Kerr (Real Estate).
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