Shearman And Sterling

News May 09, 2019

Landcadia Holdings II, Inc.’s $316.25 Million IPO

Shearman & Sterling advised Jefferies LLC as sole book-running manager on the initial public offering of Landcadia Holdings II, Inc., a special-purpose acquisition company, of 31,625,000 units, which includes 4,125,000 units issued pursuant to the exercise by Jefferies LLC of its over-allotment option in full, at an offering price of $10.00 per unit, each unit consisting of one share of Class A common stock and one-third of one redeemable warrant.

The company’s sponsors are Fertitta Entertainment Inc., an international dining, hospitality, entertainment, sports and gaming company, and Jefferies Financial Group Inc., a diversified financial services company engaged in investment banking and capital markets, asset management and principal investing.

The Shearman & Sterling team below included staff attorney Jared Sint.

The Team