Harneys advises Vieco 10 Limited, a member of the Virgin Group

Harneys has advised its long standing client, Vieco 10 Limited in relation to the business combination of its wholly owned subsidiary, Vieco USA, Inc. with a special purpose acquisition company, NextGen Acquisition Corp. II. The merger provides the Virgin Orbit business with growth capital to continue its rapid ramp-up in commercial space launch and a listing on NASDAQ. On the closing of the transaction, which was approved by NextGen stockholders on 28 December 2021, NextGen changed its name to “Virgin Orbit Holdings, Inc.” and began trading on NASDAQ on 30 December 2021 under the ticker symbols “VORB” and “VORBW”.

Rachel Graham, Corporate Partner in Harneys London office, advised Vieco 10 Limited as to matters of BVI law.

Harneys corporate team excels at complex cross-border transactions involving BVI, Cayman Islands, Luxembourg and Cyprus vehicles. Our significant track record includes complex mega-deals, high value private equity transactions, landmark IPOs and the full spectrum of public and private M&A, asset sales and disposals, and joint ventures.