Cases & Deals

Koch Equity Development portfolio company, Getty Images, to be combined with SPAC, CC Neuberger Principal Holdings II

Clients Koch Equity Development LLC

Jones Day is acting as counsel to Koch Equity Development LLC, a subsidiary of Koch Industries, Inc. and investor in Getty Images, in the business combination agreement with CC Neuberger Principal Holdings II (NYSE: PRPB), a publicly traded special purpose acquisition company. Upon closing of the transaction, a newly formed parent company of Getty Images will become a publicly traded company, and its common stock is expected to be listed on the New York Stock Exchange under the symbol “GETY.”