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24 October 20222 minute read

DLA Piper advises Tastemaker Acquisition Corp. in the entry into a business combination agreement with Quality Gold Inc.

DLA Piper advised Tastemaker Acquisition Corp. (Tastemaker), a publicly traded special purpose acquisition company, in the entry into a business combination agreement with Quality Gold Inc., a leading specialty logistics and jewelry distributor. Upon the closing of the transaction, the combined company will become a public company named Quality Gold Holdings, Inc.

Tastemaker is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Quality Gold is a leading global vertically integrated distributor with operations in the US, Canada and India, supplying e-commerce platforms, independent jewelry retailers, both national and regional chains, and department stores. The company supplies more than 165,000 products to its over 15,000 retail partners.

The transaction brings Quality Gold into the public markets and moves the company towards its next phase of growth. 

“It was a pleasure to combine our SPAC and M&A capabilities to complete this transaction for Tastemaker,” said Sidney Burke, co-chair of DLA Piper’s New York Corporate practice and the partner who led the firm’s deal team.

In addition to Burke (New York), the DLA Piper team representing Tastemaker included partner Stephen Alicanti and associate Andrew Wolfe (both of New York), among others. 

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.