Simpson Thacher & Bartlett and Anderson Mori & Tomotsune are among the firms advising Japanese cryptocurrency exchange Coincheck on its $1.25 billion merger with blank-check firm Thunder Bridge Capital Partners, which was represented by Mori Hamada & Matsumoto, Allen & Overy and others.
Coincheck, which has about 1.5 million customers, operates a marketplace for buying and selling cryptocurrencies and an exchange for digital assets such as non-fungible tokens, according to Reuters. It added that this merger will allow Coincheck to go public on the Nasdaq.
The transaction, expected to close in the second half of this year, will create a merged entity named Coincheck Group, and the deal would provide proceeds of $237 million to the combined company from the cash held in the SPAC, Reuters added.
The Simpson Thacher team was led by partners Alan Cannon and Patrick Naughton.
Other firms were advising on the merger are De Brauw Blackstone Westbroek (Coincheck), and Nelson Mullins Riley & Scarborough and Littler Mendelson (Thunder Bridge). The Nelson Mullins team was led by partners Jonathan Talcott, Peter Strand, Mike Bradshaw and Richard Levin.
