Cases & Deals

Koch Equity Development portfolio company, Getty Images, completes business combination with SPAC, CC Neuberger Principal Holdings II

Client(s) Koch Equity Development LLC

Jones Day acted 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 completion of the business combination, the combined company has been renamed Getty Images Holdings, Inc., and beginning on July 25, 2022, the Company's common stock and warrants are expected to begin trading on the New York Stock Exchange under the symbols "GETY" and "GETY WS," respectively.