Latham & Watkins has advised Harley-Davidson on the planned $1.77 billion IPO of its electric motorcycle division LiveWire on the New York Stock Exchange via a merger with special purpose acquisition company (SPAC) AEA Bridges Impact, which was counselled by Kirkland & Ellis.
Meanwhile, Crowell & Moring advised Taiwan’s Kwang Yang Motor (KYMCO) and Kymco Capital on their strategic investments in LiveWire.
According to Reuters, Harley-Davidson is the latest to cash in on an uptick in valuations of electric-vehicle makers. In November, Amazon-backed EV maker Rivian shot past $100 billion in valuation in its market debut, surpassing Ford and General Motors.
LiveWire is set to become the first publicly traded EV motorcycle company in the U.S., building on Harley’s 118-year lineage.
The Crowell team was led by partners Evan Chuck, Richard Holbrook, Olivier Antoine, Caroline Brown, Vincent Galluzzo, Derek Hahn, Maarten Stassen, and Scott Winkelman.