Shearman And Sterling

News February 25, 2021

Arctos NorthStar Acquisition Corp.’s $316.25 Million IPO

Shearman & Sterling advised Citigroup as the sole book-running manager on the initial public offering of Arctos NorthStar Acquisition Corp., a special-purpose acquisition company, of 31,625,000 units at an offering price of $10 per unit, each unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant.

Arctos NorthStar Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to focus on businesses operating within the sports, media and entertainment sectors. The company is led by (i) David “Doc” O’Connor, a Managing Partner at Arctos Partners, LP and former President and Chief Executive Officer of The Madison Square Garden Company and (ii) Theo Epstein, who led the Chicago Cubs to five post-season appearances in six seasons (2015-2020), including three consecutive National League Championship Series (2015-2017) and a World Series title (2016).

The Shearman & Sterling team below also included associate Stella Sun.

The Team