Polibeli Embarks on Nasdaq Journey with de-SPAC Transaction

Deal News | Aug 18, 2025 | Hogan Lovells

Hogan Lovells has successfully advised Polibeli, a prominent digital supply chain services and distribution provider, in its de-SPAC transaction and subsequent listing on Nasdaq. Polibeli, operating in markets such as Japan, Indonesia, and the US, offers comprehensive solutions spanning procurement, distribution, logistics, product branding, and digital marketing. The advisory team from Hogan Lovells was led by Stephanie Tang, Head of Private Equity, Greater China, with collaborative efforts from other partners across international offices including Jakarta, Tokyo, Boston, and New York. The firm boasts a solid track record in managing IPOs, privatizations, and de-SPAC transactions, underlining its expertise in the M&A and public company sectors, particularly with U.S.-listed companies.

Sectors

  • Digital Supply Chain Services
  • Legal Advisory
  • Private Equity and M&A

Geography

  • Global – Polibeli has business operations in multiple countries including Japan, Indonesia, Singapore, Korea, the US, France, and Italy.
  • United States – The Nasdaq listing of Polibeli occurs in the United States.
  • China – Stephanie Tang, based in Greater China, plays a significant leadership role in the transaction.

Industry

  • Digital Supply Chain Services – Polibeli operates within this industry, providing comprehensive supply chain and distribution solutions globally.
  • Legal Advisory – Hogan Lovells' role as the legal advisor in the de-SPAC transaction places them in the legal advisory industry.
  • Private Equity and M&A – The de-SPAC transaction and Nasdaq listing involve strategic M&A and private equity elements, areas where Hogan Lovells specializes.

Financials

  • – No specific financial details such as deal price or enterprise value were provided in the article.

Participants

NameRoleTypeDescription
PolibeliTarget CompanyCompanyA leading digital supply chain services and distribution-sales provider listed on Nasdaq.
Hogan LovellsLegal AdvisorCompanyAn international law firm advising on Polibeli's de-SPAC transaction and Nasdaq listing.
Stephanie TangLead AdvisorPersonPartner and Head of Private Equity in Greater China at Hogan Lovells, leading the advisory team.
Mochamad KasmaliCorporate PartnerPersonJakarta corporate partner at Hogan Lovells, supporting the transaction.
Jacky Scanlan-DyasM&A PartnerPersonTokyo M&A partner at Hogan Lovells, involved in the transaction.
Nicola LemayTax PartnerPersonBoston tax partner at Hogan Lovells, part of the advisory team.
Richard AftanasCapital Markets PartnerPersonNew York capital markets partner at Hogan Lovells.
William ReganLitigation PartnerPersonNew York litigation partner at Hogan Lovells.