Hong Kong Buyout Firm EmergeVest Plans $250 Million SPAC
Hong Kong-based private equity firm EmergeVest is planning to raise $250 million through a special purpose acquisition company in the U.S., people with knowledge of the matter said. EmergeVest is working with Credit Suisse Group AG on the proposed SPAC listing, said the people, who asked not to be identified as the information is private. […]
AeroFarms to Go Public in $1.2 Billion Spring Valley SPAC Deal
AeroFarms, the vertical farming company, agreed to go public through a merger with blank-check firm Spring Valley Acquisition Corp. The deal with the special purpose acquisition company gives the combined entity an equity value of about $1.2 billion, the companies said in a statement Friday, confirming an earlier Bloomberg News report. It will be led […]
Car-Seller Cazoo Eyes SPAC Deal at $7 Billion Valuation
Second-hand car seller Cazoo is finalizing the details of a merger with Ajax I, a special purpose acquisition company, that would see it go public with a valuation of about $7 billion, Sky News reported citing people familiar with the matter. The deal could be announced as soon as Monday, Sky reported, adding that the […]
Orlando Bravo Says Thoma Bravo Plans to Launch Another SPAC
Thoma Bravo plans to launch another blank-check vehicle for acquisitions, co-founder Orlando Bravo said Monday, hours after the private equity giant’s first SPAC sealed an $11.1 billion deal. Any future special purpose acquisition company will be at least as large as the first one, Bravo said in a Bloomberg Television interview Monday. Thoma Bravo Advantage raised […]
ironSource to go public via $11 billion merger with Thoma Bravo-backed SPAC
Israeli advertising technology firm ironSource said on Sunday it has agreed to go public through a merger with a blank-check company backed by U.S. private equity firm Thoma Bravo, valuing the business at $11.1 billion. The deal with Thoma Bravo Advantage, a special purpose acquisition company (SPAC), is expected to provide ironSource up to $2.3 […]
U.S. SPACs overtake 2020 haul in less than three months
Wall Street thought 2020 was a frenetic year for special purpose acquisition companies (SPACs). Yet with more than nine months to go until the end of 2021, initial public offerings (IPOs) of U.S. SPACs this week surpassed the $83.4 billion the sector raised in all of 2020, data from industry tracker SPAC Research showed. This […]
KKR-backed SPAC raises $1.2 billion in U.S. IPO
KKR Acquisition Holdings I Corp, a blank-check firm backed by private equity firm KKR & Co Inc, said on Wednesday it had raised $1.2 billion in an upsized initial public offering. The special purpose acquisition company (SPAC) said it sold 120 million units, up from the 100 million units it had marketed earlier, at $10 […]
Apollo SPAC and Vista Halt $15 Billion Merger Talks
One of this year’s biggest blank-check mergers has been put on ice amid tremors in technology stocks and broader market volatility. Vista Equity Partners’ negotiations to merge three of its companies with acquisition firm Apollo Strategic Growth Capital in a $15 billion transaction have been halted, according to people familiar with the matter who asked […]
Deutsche Bank Rides SPAC Boom to Make League Table Comeback
The craze for blank-check listings is helping Deutsche Bank AG make a comeback in the IPO world. Deutsche Bank, which cut back its equities team in 2019, has risen in the league tables over the past few quarters and now ranks 10th globally among advisers on initial public offerings. Special purpose acquisition companies are a […]
Blank-cheque firm backed by Bain Capital affiliate aims for IPO
A blank-cheque firm backed by BCC Investment Management, an affiliate of Bain Capital, is looking to raise up to $300 million through an initial public offering, a regulatory filing showed on Thursday. BCC Investment Corp, a so-called special purpose acquisition company, or SPAC, plans to sell 30 million units composed of shares and warrants on […]
