Elliott investment in travel group is rare bright spot for Spacs

Blank-cheque companies have struggled to secure so-called Pipe funding to complete deals Hedge fund Elliott Management is investing in a special purpose acquisition company deal, marking a rare bright spot for blank-cheque investment vehicles that have fallen from favour and left dealmakers scratching around for investors. Elliott and New York-based Siris Capital are investing $20mn […]

CORE Industrial Partners completes Fathom’s NYSE ‘SPAC’ listing

CORE Industrial Partners (CORE), a Chicago-based private equity firm focused on investing in lower middle market manufacturing, industrial technology, and industrial service companies, has completed the initial listing on the New York Stock Exchange (NYSE) of Fathom Digital Manufacturing Corp. (Fathom), a specialist in on-demand digital manufacturing and 3D printing services, through the completion of […]

SPACs, Private Equity, Venture Capital See Jump in Investor Capital

SPACs brought in about $12 billion of capital in both October and November, about double the figure for the three prior months. SPACs brought in about $12 billion of capital in both October and November, about double the figure of the three prior months, according to Dealogic data cited by The Wall Street Journal. Meanwhile, […]

Italian luxury group Zegna climbs on Wall Street debut

Shares in Italian luxury menswear group Zegna rose on their New York market debut on Monday, after the company completed a merger with a U.S. blank check company in a deal with an enterprise value of $3.1 billion. At 1634 GMT, the shares traded at $10.92 apiece, up 6.6% from the opening price of $10.24. […]

Grove Collaborative to go public via $1.5 bln deal with Branson-backed SPAC

Natural consumer products maker Grove Collaborative on Wednesday agreed to go public through a merger with a blank-check firm backed by billionaire Richard Branson, in a deal valuing the combined entity at about $1.5 billion, including debt. Grove, which makes eco-friendly household cleaning, personal care, kid and pet products, said the deal with Virgin Group […]

Quantum-Si closes $1bn + SPAC deal with HighCape

Quantum-Si Incorporated (QSi), a specialist in next-generation semiconductor chip-based proteomics, has completed its business combination with HighCape Capital Acquisition Corp (HighCape), a special purpose acquisition company sponsored by leading healthcare growth equity manager HighCape Capital LP.  The business combination and concurrent private placement, which were approved by HighCape’s stockholders at its special meeting held on […]

Singapore’s Grab to go public in world’s biggest $40 billion SPAC merger

Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing. As part of Singapore-based Grab’s agreement with the SPAC backed by Altimeter Capital, investors such […]

Ackman stays mum on $4 billion SPAC target, says a second may follow

Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of […]

SPACs impacting autotech exit market, says Hampleton Partners

The latest Autotech M&A market report from Hampleton Partners, the international technology mergers and acquisitions advisor, reveals how two of the three largest autotech transactions during the second half of 2020 were led by “special purpose acquisition companies” (SPACs).  The largest acquisition in Autotech was by Gores Metropoulos’ acquisition of Luminar Technologies for USD3.4 billion […]