Shearman & Sterling advised MCI Capital SA, one of the most rapidly growing private equity groups in Europe, as a shareholder and PIPE investor, in connection with the business combination (de-SPAC) of GT Gettaxi Limited with Rosecliff Acquisition Corp I. Upon closing of the business combination, the newly combined company will operate as Gett and trade on the NASDAQ stock exchange in the United States.
Gett is a technology platform focused on corporate ground transportation management. The transaction reflects a Gett pro forma enterprise value of $1 billion. The business combination provides up to $253 million in proceeds from Rosecliff’s trust account with an additional $30 million fully committed common equity PIPE from Rosecliff’s sponsors and existing Gett shareholders.