Overview
(December 6, 2021, Washington, DC) — Steptoe & Johnson LLP provided antitrust advice to American Express Global Business Travel (GBT), the world's leading B2B travel platform, in connection with its entry into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (NYSE: APSG) (APSG). The combination is expected to create the world's largest publicly traded B2B travel platform, which plans to list on the New York Stock Exchange (NYSE) under the new ticker symbol "GBTG". GBT and APSG will combine at a pro forma market capitalization of $5.3 billion.
Upon the closing of the transaction, the combined company will be renamed Global Business Travel Group, Inc. and will continue to conduct its day-to-day business under its existing name and brand American Express Global Business Travel.
The Steptoe team advising GBT includes partner Michael Weiner, as well as associate Travis West.
About Steptoe
In more than 100 years of practice, Steptoe has earned an international reputation for vigorous representation of clients before governmental agencies, successful advocacy in litigation and arbitration, and creative and practical advice in structuring business transactions. Steptoe has more than 500 lawyers and other professional staff across offices in Beijing, Brussels, Chicago, Hong Kong, London, Los Angeles, New York, San Francisco, and Washington. For more information, visit www.steptoe.com.
