Weil Advises TPG Affiliate on Pending Business Combination with Playa Hotels & Resorts B.V.

Weil is advising Pace Holdings Corp., a SPAC sponsored by an affiliate of TPG, in its pending business combination with Playa Hotels & Resorts B.V., a leading owner, operator, and developer of premier all-inclusive resorts. The combined company would retain the Playa name and would be a publicly listed company with an anticipated initial enterprise value of approximately $1.75 billion. The transaction is expected to close in the first quarter of 2017 and is subject to customary closing conditions.

The Weil team advising Pace Holdings Corp. is led by Private Equity partners Kyle Krpata and Christopher Machera and Capital Markets partner Jennifer Bensch and includes Private Equity partner Douglas Warner; Mergers & Acquisitions partner James Griffin; Banking & Finance partner Allison Liff; Public Company Advisory Group partners P.J. Himelfarb and Adé Heyliger (elected partner effective January 1, 2017); Technology & IP Transactions partner Jeffrey Osterman; Tax partners William Horton and Mark Schwed; Executive Compensation & Benefits partner Michael Nissan; Real Estate partner David Herman; International Arbitration & Trade partner Ted Posner; Cybersecurity, Data Privacy & Information Management partner Randi Singer; Regulatory counsel John O’Loughlin; Corporate associates Natalie Smeltzer Fortenberry, Sandra Rutova, Damian Petrovic, Jacqui Bogucki, Andrea Scheder, Constantinos Pappas and Max Ronci; Capital Markets associates Russell Wininger, Melanie Walker and Evan Mendelsohn (Not Yet Admitted in New York); Banking & Finance associate Paul Overmyer; Public Company Advisory Group associate Alicia Alterbaum; Technology & IP Transactions associates Emilie Williams, Lauren Springer and Eric Sternlieb; Tax associates Ryan Roberts and Soo Jin Kim; Executive Compensation & Benefits associate Amanda Rosenblum; Real Estate associate Jannelle Seales; and Regulatory associates Cecile Farmer and Dana Watts.