Danny Meyer, restaurateur and the CEO of the Union Square Hospitality Group speaks during an interview on CNBC on the floor of the New York Stock Exchange October 16, 2015. REUTERS/Brendan McDermid

Three firms whip up Panera’s deal with Shake Shack founder’s SPAC

Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins are advising Panera Manufacturers Inc on its plan to go public and merge with Shake Shack founder Danny Meyer’s particular function acquisition firm.

Panera Manufacturers, which owns the Panera Bread bakery and cafe chain, stated on Tuesday that it had agreed to merge with clean test firm USHG Acquisition Corp.

Skadden attorneys are advising Panera on the transaction. The agency stated in an electronic mail that its group consists of mergers and acquisitions companions Sean Doyle and Paul Schnell, in addition to capital markets companions Gregg Noel and Michael Hong.

The corporate additionally has recruited McDermott, Will & Emery for tax recommendation, with a group led by tax companions Timothy Shuman and John Robert.

In the meantime, Meyer’s SPAC has teamed up with Latham attorneys led by company companions Ryan Maierson, Gregory Rodgers and Howard Sobel, based on a press launch.

Panera’s monetary advisor on the deal is JPMorgan Chase & Co, and the SPAC’s is Piper Sandler & Co.

SPACs, or clean test corporations, typically increase funds by means of an preliminary public providing to merge with privately held corporations and take them public.

Within the Panera transaction, Panera will go public first after which merge with the SPAC.

(UPDATE: This story has been up to date with the names of the McDermott attorneys advising Panera.)

Learn extra:

Panera Bread to go public once more in IPO backed by Shake Shack founder’s SPAC

Sierra Jackson

Sierra Jackson experiences on authorized issues in main mergers and acquisitions, together with deal work, litigation and regulatory adjustments. Attain her at [email protected]