On June 30, 2021, Inspirato LLC (Inspirato), the innovative luxury travel subscription brand, and Thayer Ventures Acquisition Corp., a publicly traded special purpose acquisition company (TVAC), announced that they have entered into a definitive merger agreement that will result in Inspirato becoming a publicly listed company. Upon closing, the combined company will operate as Inspirato, and its Class A common stock is expected to be listed on Nasdaq under the ticker symbol “ISPO.” Wilson Sonsini Goodrich & Rosati is representing Inspirato in the transaction.
The transaction values the pro forma company at an estimated enterprise value of $1.1 billion and is expected to provide up to $260 million in net cash proceeds, assuming no redemptions, including a committed PIPE totaling approximately $100 million.
Founded in 2011, Inspirato provides luxury travel experiences through its proprietary next-generation travel subscription platform, which is designed to capture a growing share of the $135 billion luxury travel market.
The Wilson Sonsini team representing Inspirato in the transaction includes:
Corporate
Tony Jeffries
David Sharon
Cody Gaynor
Courtney Matteson
Jason Xu
Adam Bloom
Employee Benefits and Compensation
Dave Thomas
Michael Klippert
Technology Transactions
Scott McKinney
Christopher Paniewski
Whitman Shaw
Employment and Trade Secrets
Rebecca Stuart
Privacy and Cybersecurity
Matt Staples
Daniel Chen
Michael O’Brien
Real Estate
James McCann
Environmental
Martin Sul
For more information, please see Inspirato’s press release.