Four Firms Lead AmEx Global Business Travel Go-Public Merger (1)

Skadden Arps and Steptoe & Johnson LLP are advising American Express Global Business Travel on its go-public merger with a special purpose acquisition company.

Paul Weiss is advising the SPAC, Apollo Strategic Growth Capital, which is backed by private equity firm Apollo Global Management Inc.

After closing, expected in 2022’s first-half, the deal is expected to create the world’s largest publicly traded corporate travel platform, valued at about $5.3 billion. The combined company plans to list on the New York Stock Exchange under new ticker symbol “GBTG,” according to a statement.

The agreement calls for American Express Global Business Travel ...