Shearman And Sterling

News March 18, 2021

Waldencast Acquisition’s $345 Million IPO

Shearman & Sterling advised Credit Suisse and J.P. Morgan as joint book-running managers on the initial public offering of Waldencast Acquisition Corp., a special-purpose acquisition company, of 34.5 million units at an offering price of $10 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.

Waldencast 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 in the beauty, personal care and wellness sectors. The company is led by Michel Brousset, Chief Executive Officer and director, and Felipe Dutra, Executive Chairman of the Board of Directors.

The Team