Fenwick Represents Accel Entertainment in Business Combination with TPG Pace Holdings

Fenwick & West represented Accel Entertainment, Inc., a leading gaming-as-a-service provider, in its business combination with TPG Pace Holdings Corp., a special purpose acquisition company (SPAC) sponsored by an affiliate of TPG.

In connection with the closing, TPG Pace has been renamed Accel Entertainment and will begin trading on the New York Stock Exchange under the ticker symbol “ACEL”, effective November 21, 2019.

On June 13, 2019, TPG Pace and Accel Entertainment entered into a definitive business combination agreement. With the closing of this transaction, Accel becomes a leading pure-play listed company focusing on gaming-as-a-service. More information about the deal can be obtained from Accel’s announcement.

The Fenwick transaction team included corporate and M&A partners Mark Stevens, Ken Myers, Scott Behar and David Michaels and associates Jonathan Allan, Ammanuel Gebeyehu, Alex Knight and Joshua Fuller; capital markets partner Robert Freedman, associate Johnny Meraz-Debraine, and law clerk Han Ko; executive compensation and employee benefits partner Matthew Cantor and associate Nicholas Frey; intellectual property partner Jonathan Millard and associates Joseph Schenck and Albert Tawil; antitrust partner Mark Ostrau and counsel Ashley Walter; and tax partner David Forst and associate Timmoney Ng.