Katten's representation of entertainment brand Pinstripes, Inc. (Pinstripes) in its deal to combine with Banyan Acquisition Corporation (Banyan), a special-purpose acquisition company (SPAC), was recognized as one of the 2024 Middle-Market Deals of the Year in the 17th annual Mid-Market M&A Awards by Mergers & Acquisitions Magazine. The awards honor "exceptional transactions" that have "transcended a variety of market headwinds" during the last year.
The new publicly listed company, Pinstripes Holdings, Inc., which raised more than $70 million to support its growth, began trading publicly on January 2 on the New York Stock Exchange (NYSE) after closing the transaction, approved by Banyan stockholders on December 27, 2023. The company is now trading under the ticker symbols PNST and PNST WS.
Tapped by Partner Christopher Atkinson, Co-Chair of Katten's Mergers & Acquisitions and Private Equity Practice, Capital Markets Partner Mark Wood led the legal team along with Capital Markets Partners Elizabeth McNichol, Vlad Bulkin and Jonathan Weiner, and Associates Michelle Mount and Michael Tremeski; Mergers & Acquisitions Partner Harold Davidson, and Associates Alex Haddad, Weston Love and Aaron Weiss; Transactional Tax Planning Partners Saul Rudo and Valentina Famparska, and Associates Jeffrey Ng and Drew Palmer; Employee Benefits and Executive Compensation Partners Mitchel Pahl, Shira Selengut, Counsel Lisa Christensen, and Associate David Mohl; Private Credit Partner Kirby Chin, Counsel Stacy Cundy and Associate Jesse Sanchez; Securities Litigation Partner Jonathan Rotenberg; Commercial Litigation Partner Nancy Rich; and Intellectual Property Associate Cynthia Martens.
"Mergers & Acquisitions Reveals the 2024 Middle-Market Deals of the Year," Mergers & Acquisitions Magazine, May 6, 2024
