GS Acquisition Holdings Corp. II (GSAH.U), announced the pricing of their $700 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, June 30th, under the symbol NYSE: GSAH.U.
GS Acquisition Holdings II, is sponsored by GS Sponsor II LLC, an affiliate of The Goldman Sachs Group, Inc. GSAH II has a broad mandate to seek a target in any industry and will be led by Tom Knott, as Chief Executive Offer. Mr. Knott is a Managing Director at Goldman Sachs and is Head of GSAM’s Permanent Capital Strategies team. He is joined by Raanan A. Agus as Chairman. Mr. Agus is the Global Co-Head and Co-Chief Investment Officer of the AIMS group in GSAM.
Total SPAC deal count for 2020 year-to-date is now 36 with $11.7 billion in gross proceeds raised. The offering is anticipated to close on Wednesday, July 1, 2020.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Ropes & Gray LLP, acted as Issuer’s Counsel and Underwriter’s Counsel, respectively. PricewaterhouseCoopers LLP acted as auditor.