Swvl’s SPAC Combination with Queen’s Gambit Growth Capital

On March 31, 2022, Swvl Inc. (“Swvl”), a global provider of transformative tech-enabled mass transit solutions, announced the completion of its previously announced business combination with Queen’s Gambit Growth Capital, the first special purpose acquisition company founded and led entirely by women, following an extraordinary general meeting of Queen’s Gambit’s shareholders held on March 30, 2022. The combined company has changed its name to Swvl Holdings Corp. On April 1, 2022, Swvl Holdings Corp’s Class A ordinary shares and warrants are expected to commence trading on NASDAQ under the ticker symbols “SWVL” and “SWVLW”, respectively. Cravath is representing Swvl in connection with the transaction.

The Cravath team is led by partners Nicholas A. Dorsey, Richard Hall and C. Daniel Haaren and includes associates Adam M. Sanchez, Blair Baker, Aashim Usgaonkar, Alexandra J. Valicenti, Paul A. Bryant, Luke A. Martin and Jimmy Cao on corporate matters; associates Leon B. Dalezman and Christopher M. Winters on tax matters; partner Margaret T. Segall and practice area attorney Nicole M. Peles on antitrust matters; partner John D. Buretta and practice area attorney Megan Y. Lew on compliance matters; practice area attorney Arian Mossanenzadeh and associate Laura S. Lee on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; practice area attorney Anthony N. Magistrale on intellectual property matters; practice area attorney Brian M. Budnick on real estate matters; and associate Ashley Gust on corporate governance matters. Abhilasha Gokulan also worked on corporate governance matters.