Skip to content

Nerdy to Become Public Company via Business Combination with TPG Pace Tech Opportunities

Nerdy to Become Public Company via Business Combination with TPG Pace Tech Opportunities Background Image

Vinson & Elkins advised TPG Pace Tech Opportunities in connection with an agreement for Nerdy Inc. (“the Company” or “Nerdy”), a leading direct-to-consumer, curated gig economy platform for live online learning benefiting both learners and experts, to become a public company through a business combination with TPG Pace Tech Opportunities, a publicly traded special purpose acquisition company. The business combination values Nerdy at a post-money equity value of approximately $1.7 billion. Upon closing of the transaction, and assuming no redemptions by TPG Pace Tech Opportunities stockholders, Nerdy is expected to have approximately $300 million in cash.

The V&E team was led by partners Keith Fullenweider and Sarah Morgan and senior associate Robert Hughes with assistance from senior associates Sara Bloom and Austin March and associates Jonathan Villa, John Daywalt and Natalie Stanley. Also advising were partners John Lynch and Lina Dimachkieh and associate Curt Wimberly; partner Sean Becker; and partner David D’Alessandro and associate Austin Light.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

For more information, please speak with our media contacts.