Weil advises TPG Global in the acquisition by TPG Pace Holdings Corp., a SPAC sponsored by an affiliate of TPG Global, of Accel Entertainment, Inc., a gaming-as-a-service provider. The combined company retained the Accel Entertainment name and is a publicly listed company with an initial enterprise value of approximately $884 million. With this transaction, Accel is the only pure-play listed company to focus on the gaming-as-a-service opportunity. The transaction closed November 20, 2019.
Weil previously advised TPG Pace Holdings in its business combination with Playa Hotels & Resorts B.V., having an initial enterprise value of approximately $1.75 billion.
The Weil team that advised TPG Pace Holdings was led by global Co-Head of Private Equity Douglas Warner and Private Equity partner Christopher Machera, and included Private Equity associates Damian Petrovic, John Karantonis, Dianna Lee, Joshua Whitford, James Pierre-Louis, Hannah Schmitz (Not Yet Admitted in New York) and Thomas Forman; Mergers & Acquisitions partner James Griffin; Mergers & Acquisitions associates Claudia Lai, Wei Xu, Shanna Dean and Austin Freeman; Capital Markets Head Alexander Lynch; Technology & IP Transactions partner Jeffrey Osterman; Tax partners Marc Silberberg and Mark Schwed; Private Equity Executive Compensation & Benefits Head Michael Nissan; Executive Compensation & Benefits partner Amy Rubin; Public Company Advisory Group Co-Head Howard Dicker and partner Adé Heyliger; Real Estate partner David Herman; Environmental Head Annemargaret Connolly; International Arbitration and Trade partner Ted Posner; Co-Chair of Litigation David Lender; Complex Commercial Litigation partner Randi Singer; Employment Litigation partner Gary Friedman; Securities Litigation partners Miranda Schiller and Robert Carangelo; Capital Markets counsel Barbra Broudy; Environmental counsel Matthew Morton; Antitrust/Competition counsel Vadim Brusser; Capital Markets associates Janeane Ferrari and Natasha Patel; Technology & IP Transactions associate Phillip Grudzina; Tax associates Irene Kim, Elisabeth Allison and Mikaela (Zhiying) Feng; Executive Compensation & Benefits associate Lauren Sawyer (Not Yet Admitted in New York); Real Estate associates Suji Jhaveri, Elizabeth Jaikaran and Daniel Kelly (Not Yet Admitted in New York); Complex Commercial Litigation associates Eliza Cotter and Taylor Dougherty; Employment Litigation associate Justin DiGennaro; White Collar Defense, Regulatory and Investigations associate Timothy Welch; and Antitrust/Competition associate Jonathan Cheng.