Shake Shack Founder Meyer’s SPAC Files for $250 Million IPO
USHG Acquisition Corp., a blank-check company led by Shake Shack founder Danny Meyer, filed to raise $250 million in an initial public offering. Meyer, who is chairman of the special purpose acquisition company, is chief executive officer of Union Square Hospitality Group LLC, which has operated more than 20 restaurants and bars, according to the […]
Vista’s Solera Is in Talks to Go Public Via Apollo SPAC
Transaction could value Solera at more than $6.5 billion. Apollo blank-check company had raised $817 million last year. Vista Equity Partners-backed Solera Holdings Inc. is in talks to go public via a merger with blank-check firm Apollo Strategic Growth Capital, according to people familiar with the matter. The SPAC has begun talks with investors about […]
KKR Joins SPAC Party Seeking $1 Billion in Blank-Check Listing
Private equity giant KKR Inc. filed to raise $1 billion via a special purpose acquisition company. KKR Acquisition Holdings I Corp. filed on Thursday with the U.S. Securities and Exchange Commission to sell 100 million units for $10 each. The vehicle will focus on acquisition targets in the consumer or retail industries, according to the […]
Payoneer Reaches $3.3 Billion Deal to Go Public With Betsy Cohen SPAC
Payment firm used by Airbnb, Amazon to merge with FTAC Olympus. Company is profitable, expects $432 million in revenue in 2021. Payoneer Inc., the online payments firm used by the likes of Airbnb Inc. and Amazon.com Inc., agreed to go public by merging with a blank-check firm led by Betsy Cohen. The deal with FTAC […]
SPAC listing boom drives record US$63 billion January for IPOs
A record month for SPAC listings is helping power the busiest-ever start to a year for initial public offerings, in another sign of the investor frenzy that’s led to overheated markets around the globe. Special purpose acquisition companies completed nearly US$26 billion of share sales in January, surpassing the previous monthly record set in October, […]
Wheels Up to go public via merger with SPAC in $2.1 bln deal
Wheels Up Partners Holdings LLC said on Monday it had agreed to go public through a merger with blank-check firm Aspirational Consumer Lifestyle Corp, valuing the private jet charter company at $2.1 billion. The New York-based company is set to receive $790 million in gross proceeds on the transaction, including $550 million from investors such […]
SoftBank’s Claure-backed blank check firm looks to raise $200 million through IPO
LDH Growth Corp I, a blank-check company backed by SoftBank Group Corp Chief Operating Officer Marcelo Claure, said on Friday it was looking to raise up to $200 million in its initial public offering. The company, controlled by an affiliate of SoftBank, said it planned to sell 20 million units of shares and warrants at […]
LVMH-Backed L Catterton Plans to Raise $250 Million in Asia SPAC
Private equity firm co-founded by LVMH joins blank-check push. Singapore SPAC will target consumer technology firms in Asia. L Catterton, the $20 billion private equity firm co-founded by LVMH, has lodged confidential filings to launch a special purpose acquisition company that aims to raise about $250 million for targets in Asia, according to people familiar […]
TPG-backed SPAC to take online learning platform Nerdy public in $1.7 bln deal
Deal will give Nerdy equity value of about $1.7 billion. PIPE investors include Franklin Templeton, Learn Capital. Online education platform Nerdy Inc. has agreed to go public through a merger with a blank-check company backed by private equity firm TPG. The transaction with TPG Pace Tech Opportunities Corp. will give Nerdy an equity value of […]
EV charging network EVgo to go public via $2.6 billion SPAC deal
EVgo Services LLC said on Friday it has agreed to go public through a merger with blank-check firm Climate Change Crisis Real Impact I Acquisition Corp, in a deal that values the electric vehicle charging station provider at $2.6 billion. The deal is expected to provide EVgo with about $575 million in net cash proceeds, […]
