Molly Elizabeth Nelson

The Firm is advising the Special Committee of the Board of Directors of SunPower Corporation (NASDAQ: SPWR) in connection with the sale of its Commercial & Industrial Solutions business to TotalEnergies, SunPower’s majority shareholder. The transaction is expected to close early in the second quarter of 2022, subject to the satisfaction of customary closing conditions.~~Headquartered in California’s Silicon Valley, SunPower is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities.~~The Simpson Thacher team includes Eric Swedenburg, Jun Won Kim, Jeff Levine and Molly Nelson (M&A); Drew Purcell, Jacqueline Clinton and Lina Pan (Tax); Lori Lesser, Bobbie Burrows, Samuel Watters and Rachelle Broida (Intellectual Property); Jeannine McSweeney and Alisa Tschorke (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Steven DeLott (Insurance); and Krista McManus and Dennis Loiacono (Real Estate).~~

Feb 14

1 min

TJC LP (TJC), a middle-market private equity firm investing primarily in North American businesses, has announced the closing of The Resolute Fund VI, L.P. (the Fund), totaling US$6.85 billion. The Fund was oversubscribed and closed above its initial hard cap of US$6.0 billion. Institutional investors, including public pension funds, multinational corporations, insurance companies, fund of funds, endowments, foundations, and family offices invested in the Fund. Latham & Watkins LLP advised TJC in the formation of the fund with an investment funds team led by New York partner Matthew Chase, with Chicago partner Matthew Wynne, New York associates Christina Smith, Connor Ross, and Bhavin Shah, and Chicago associates Eleni Christou and Molly Nelson. Advice was also provided on tax matters by New York partner Gregory Hannibal and New York counsel Lauren Bewley, with associates Arash Lotfi and Michael Syku; on funds regulatory matters by Washington, D.C. partner Jamie Lynn Walter, with associates Mike Hart-Slattery and Haley Hohensee; on Alternative Investment Fund Managers Directive matters by London counsel Clare Scott; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum.~~

Jan 31

1 min

Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the Company) has announced the pricing of its initial public offering of 14,333,333 shares of its common stock at a public offering price of US$15.00 per share, for total gross proceeds of approximately US$215.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. All of the common stock sold in the offering is being offered by the Company. The underwriters will have a 30-day option to purchase up to an additional 2,149,999 shares of common stock from the Company. The shares began trading on the Nasdaq Global Market on May 9, 2024, under the ticker symbol “PAL.” The offering is expected to close on May 13, 2024, subject to the closing of the Company’s acquisition of five operating entities and customary closing conditions. Latham & Watkins represents the underwriters in the offering, with a capital markets team led by Chicago partners Christopher Lueking and Jonathan Sarna, with associates KC Sands, Omeed Valipour, and Molly Nelson. Advice was also provided on executive compensation matters by Bay Area partners Maj Vaseghi and James Robinson; and on tax matters by Chicago partner Rene de Vera.~~

May 9

1 min

On December 8, 2023, Vivid Seats Inc. (NASDAQ: SEAT), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, announced the pricing of a secondary underwritten public offering of 18,500,000 shares of the Company’s Class A common stock by Hoya Topco, LLC (the selling stockholder) at a price to the public of US$6.50 per share. The Company also announced that it has agreed to purchase an incremental 2,000,000 shares of Class A common stock from the underwriters in the offering at a per-share purchase price equal to the price to the public, less underwriting discounts and commissions, bringing the total offering size to 20,500,000 shares. All of the shares in the offering will be sold by the selling stockholder. The offering is expected to close on December 12, 2023, subject to the satisfaction of customary closing conditions. The Company will not receive any proceeds from the sale of the shares by the selling stockholder. Latham & Watkins LLP represents Vivid Seats and the selling stockholder in the offering with a capital markets team led by Chicago partners Cathy Birkeland and Scott Westhoff, with associates Greer Gaddie, Byron Patton, Chelsea Carlson, and Molly Nelson. Advice was also provided on general corporate matters by Chicago partners Brad Faris and Owen Alexander and New York counsel Andra Troy, and on tax matters by Chicago partner Rene de Vera, with associate Michael Zucker.~~

Dec 12

1 min

Vivid Seats Inc. (NASDAQ: SEAT), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, has announced the pricing of a secondary underwritten public offering of 16,000,000 shares of the Company’s Class A common stock by Hoya Topco, LLC (the selling stockholder) at a price to the public of US$8.00 per share. The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of Class A common stock. All of the shares in the offering will be sold by the selling stockholder. The offering is expected to close on May 22, 2023, subject to the satisfaction of customary closing conditions. The Company will not receive any proceeds from the sale of the shares by the selling stockholder. Latham & Watkins LLP represents Vivid Seats and the selling stockholder in the offering with a capital markets team led by Chicago partners Brad Faris, Cathy Birkeland, Scott Westhoff, and Owen Alexander and Washington, D.C. partner Joel Trotter, with associates Megan Staub, Joann Murphy, KC Sands, Greer Gaddie, Byron Patton, Chelsea Carlson, and Molly Nelson. Advice was also provided on tax matters by Chicago partner Rene de Vera, with associate Michael Zucker.~~

May 18

1 min