Cadwalader Advises Forbes on $630 Million Business Combination with Magnum Opus

August 26, 2021

Cadwalader is advising Forbes Global Holdings in its definitive business combination agreement with Magnum Opus Acquisition Limited (NYSE: OPA), a special purpose acquisition company (SPAC), in a transaction with an implied enterprise value of approximately $630 million. As a result of the transaction, Forbes will become publicly listed on the New York Stock Exchange under the ticker symbol “FRBS.” The Firm previously advised Forbes on its 2014 sale of a majority stake to a group of international investors.

Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand reaches more than 150 million people worldwide through its journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 45 licensed local editions covering 76 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.

The Cadwalader team is led by Corporate co-chair William Mills and includes Corporate associates Lindsey Kister, Adam Tamzoke and Monica Lindsay; Tax partner Linda Swartz and associate Matthew Seitz; Intellectual Property partner Dorothy Auth and associate Dash Cole; Antitrust partner Joel Mitnick and counsel Ngoc Hulbig; and Litigation partners Jodi Avergun and Jared Stanisci and associate Keith Gerver.