Cases & Deals

  • Home
  • Practices
  • Koch invests in Footprint at $1.6 billion valuation

Share

Koch invests in Footprint at $1.6 billion valuation

December 2021

Client(s) Koch Strategic Platforms

Jones Day advised Koch Strategic Platforms in its $150 million investment in the Class C Preferred Stock of Footprint International Holdco, Inc. Footprint is a materials-science technology company seeking to eliminate single-use plastic. Immediately after Koch Strategic Platform's investment in Footprint, Footprint agreed to merge with Gores Holdings VIII Inc., a special purpose acquisition company. The transaction features an approximately $310 million private investment in public equity, or PIPE. In addition to its primary investment in the Class C Preferred Stock, Koch Strategic Platforms separately agreed to invest in Gores' PIPE.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.