DLA Piper advises GigCapital4 in business combination with BigBear.ai

DLA Piper represented GigCapital4, Inc., a special purpose acquisition company (SPAC) focused on the technology, media and telecommunications (TMT) industries, in its business combination with BigBear.ai, a leading provider of artificial intelligence, machine learning, cloud-based big data analytics and cyber engineering solutions.

“It was a pleasure to bring together our extensive SPAC M&A capabilities and our deep understanding of the technology sector to advise GigCapital4 in its business combination with BigBear.ai, which is now well equipped to leverage the growing opportunities in the global AI and machine learning market,” said Jeffrey Selman, chair of DLA Piper’s SPAC Transactional practice and the partner who led the firm’s deal team.

“This is our fourth closed SPAC combination – three of which have occurred in the last six months – in 2021, along with an additional three new SPACs we have seen IPO under the guidance of DLA Piper’s Jeff Selman. We continue to be impressed and delighted with the exceptional and timely handling of these complex matters by Jeff and his team,” said Dr. Avi Katz, the Founding Managing Partner and Executive Chairman of GigCapital Global.

In addition to Selman (San Francisco), the DLA Piper team representing GigCapital4 included partners John Maselli (San Francisco) and Jennifer Lee (Silicon Valley); and associates Jaspreet Mann, Clara Knapp (both of San Francisco), Adyasha Das and Barb Krause (both of Silicon Valley).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 11 consecutive years, according to Mergermarket.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.

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