Prosus’s Investment in Churchill II for $1.5 Billion of Acquisitions
October 13, 2020
On October 13, 2020, Churchill Capital Corp II (“Churchill II”), a special purpose acquisition company, and Skillsoft Software Luxembourg Holding S.A. (“Skillsoft”), a global leader in digital learning and talent management solutions, announced that they have entered into a definitive agreement to merge, and Churchill II also announced that it has entered into a definitive agreement to acquire Global Knowledge Training LLC (“Global Knowledge”), a worldwide leader in IT and professional skills development. The total combined transaction valuation will be $1.5 billion. Prosus, which seeks to build global technology leaders by addressing societal needs in high‑growth markets, has committed to invest $100 million into Churchill II, with the option to expand further. Cravath is representing Prosus in connection with the transaction.
The Cravath team is led by partners David Mercado and Nicholas A. Dorsey and includes associates Jin‑Kyu Baek, Said Bakir and Michael D. Weil on corporate matters; partner George E. Zobitz and associates Christina S. Shin and Harold C. King on restructuring matters; partner Lauren Angelilli on tax matters; partner David J. Kappos and associate Rohan E. George on intellectual property matters; associate Christopher C. Gonnella on executive compensation and benefits matters; and senior attorney Jesse M. Weiss on regulatory matters.
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J.D., 2009, Cornell Law SchoolOrder of the Coif, summa cum laude
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M.Acc., 2006, Case Western Reserve Universitysumma cum laude
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B.S., 2006, Case Western Reserve Universitysumma cum laude
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J.D., 1995, New York University School of Lawwith Honors, cum laude
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B.A., 1991, Franklin & Marshall College
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J.D., 2000, Harvard Law Schoolcum laude
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B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
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J.D., 2008, Georgetown University Law Centermagna cum laude
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B.A., 2003, University of Maryland
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M.A., 2021, King's College London
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J.D., 1984, Yale Law School
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A.B., 1981, Columbia College
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On September 24, 2020, Amentum Holdings LLC (“Amentum”), a leading contractor to U.S. federal and allied governments jointly owned by Lindsay Goldberg and American Securities, and DynCorp International (“DynCorp”), a worldwide leader in aviation and logistics support services, announced a definitive agreement under which an affiliate of Amentum will acquire DynCorp. The acquisition, once finalized, will create one of the largest providers of mission‑critical support services, with more than $6 billion of combined revenue over the last 12 months. Cravath is representing Amentum, Lindsay Goldberg and American Securities in connection with the transaction.
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On September 21, 2020, Illumina, Inc. (“Illumina”) and GRAIL announced they have entered into a definitive agreement under which Illumina will acquire GRAIL for cash and stock consideration of $8 billion. In addition, GRAIL shareholders will receive future payments representing a tiered single digit percentage of certain GRAIL-related revenues. GRAIL, a healthcare company focused on multi-cancer early detection, was founded by Illumina, a global leader in DNA sequencing and array-based technologies, in 2016 and spun out as a standalone company. Cravath is representing Illumina in connection with the transaction.
