Baker McKenzie is advising Aurora Acquisition Corp., a special purpose acquisition company, in a de-SPAC transaction to transform Better, one of the fastest-growing digital homeownership companies in the US, into a publicly traded company. This follows Baker's advising in the formation and initial public offering of Aurora in March 2021.

Upon closing of the transaction, the combined company will operate under the Better name. The transaction, which includes a USD 1.5 billion commitment from Softbank to purchase equity in Aurora, reflects an implied equity value for Better of approximately USD 6.9 billion and a post-money transaction value of approximately USD 7.7 billion.

The combined US and London-based Baker McKenzie team was led by transactional partners Derek Liu and Adam Eastell and also included:


Lisa Fontenot

Michael DeFranco

Mark Mandel

Steve Canner

Michelle Heisner

Amanda Bradley

Adam Buehler

Maryam AlSayyad

Molly Zhu

Tom Gastrell


Banking & Finance

Matthew Dening

Andrew Sagor



Kai Kramer

Ross Staine



Rod Hunter

Brian Burke

Sylwia Lis



Thomas Asmar


Intellectual Property

Marcela Robledo


The Baker McKenzie Transactional Team has recently advised on numerous transactions in the technology, media and telecom industries, including representing Affirm on its acquisition of PayBright; Viasat in its purchase of Euro Broadband Infrastructure Sàri; Cadence Design Systems in the acquisition of Pointwise, Inc.; Mytheresa, in its approximately USD 407 million initial public offering; and Atos on its acquisition of Ipsotek.


About Baker McKenzie

Our clients are navigating an increasingly complex and quickly evolving transactional landscape. To do so successfully requires deep sector and market expertise, agility and efficient approaches to capture business opportunities while minimizing risk. Whether a corporate, investor, financial institution or other stakeholder, Baker McKenzie’s transactional lawyers are here to advise on complex legal and commercial issues across: M&A and PE, banking and finance, capital markets, corporate finance, funds, restructuring, projects and natural resources, to maximize deal certainty and secure the intended value of transactions.




Explore Our Newsroom