White & Case Advises Screaming Eagle Acquisition Corp. on its Business Combination with the Studio Business of Lionsgate

Global law firm White & Case LLP has advised Screaming Eagle Acquisition Corp., a special purpose acquisition company (SPAC), on its agreement to combine with the studio business of Lionsgate, which comprises its Television Studio and Motion Picture Group segments and one of the world's most valuable film and television libraries, to launch Lionsgate Studios Corp. (Lionsgate Studios). The Firm also advised Screaming Eagle on obtaining commitments from leading mutual funds and other investors for a US$175 million PIPE in connection with the transaction.

The business combination values Lionsgate Studios at an enterprise value of approximately US$4.6 billion.

This is the eighth SPAC sponsored by the Eagle Equity Partners team, led by Harry E. Sloan, Jeff Sagansky and Eli Baker, for which the White & Case SPAC team has advised on both its initial public offering and business combination transaction.

The White & Case team was led by Capital Markets partners Joel Rubinstein and Jonathan Rochwarger and M&A partners Morton Pierce (all in New York) and Neeta Sahadev (Silicon Valley). The team also included Capital Markets associates Guiying Ji and Sarah Ross (both in New York) and Jordan Leon (Washington, DC); M&A associates Catherine McNally and Marina Safonova (both in New York); and Tax partner Scott Fryman and associate Adriana Zhan (both in New York). Law clerks Elana Cates, Matt Shafman and Anisha Sivathas also assisted on the matter.

White & Case has advised on more than 130 IPOs for SPACs and underwriters valued at over US$40 billion and on more than 60 business combination transactions for SPACs and target companies valued at over US$100 billion.

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