June 15, 2017
Surging Shale Spawns New Financing Structure for Energy Infrastructure
Strong demand for shale oil-and-gas infrastructure is giving rise to an important new financing vehicle for pipeline, processing and storage ventures that are needed to get more shale fuels to market.
June 09, 2017
No relaxing at the beach: SPAC TPG Pace Holdings files for a $400 million IPO
TPG Pace Holdings, a TPG-backed blank check company formed by hotwire.com founder Karl Peterson, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering.
June 07, 2017
KBL Merger Corp. IV Announces Pricing of $100 Million Initial Public Offering
KBL Merger Corp. IV (the "Company") announced today the pricing of its initial public offering of 10,000,000 units at $10.00 per unit. The units will be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "KBLMU" beginning June 2, 2017.
May 22, 2017
India-Focused Blank-Check Co. Files $125M IPO
Constellation Alpha Capital Corp., a special purpose acquisition vehicle raising money to buy an Indian health care or manufacturing business,...
May 08, 2017
Alignvest Acquisition II: a new SPAC, but with a twist
It’s a first of its kind and for those who thought that special-purpose acquisition companies, at least in the Canadian context, would be one and done, a little rethink is required. On Monday, the marketing process for Alignvest Acquisition II Corp. started. Alignvest II is from the same stable as the original Alignvest SPAC, an offering that closed in the summer of 2015 with $259 million in proceeds.
May 05, 2017
An unusual 'blank check company' just began trading on the NYSE for the first time ever
The NYSE floated an unusual investment vehicle Friday that, in a way, is a bet on lower oil prices. The company is TPG Pace Energy Holdings and the investment is a SPAC (special purpose acquisition company). A SPAC is what is called a "blank check company" — essentially a blind pool of money that is going public. It's not an operating company since there is nothing to manage. At least not yet.
April 26, 2017
Healthcare SPAC KBL Merger Corp. IV files for a $100 million IPO
KBL Merger Corp. IV, a blank check company formed to acquire a healthcare company, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
April 13, 2017
Forum Merger Corporation ("Forum" or the "Company"), a company formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities, today announced the closing of its initial public offering of 15,000,000 units at a price to the public of $10.00 per unit, with the offering raising gross proceeds of $150,000,000.
March 31, 2017
2 Energy-Focused Blank Check IPOs Advance Totaling $550M
Kayne Anderson Acquisition Corp., a blank check company formed by a private equity firm to buy an energy business, raised $350 million through an initial public offering Wednesday, the same day another energy-focused acquisition vehicle filed a $200 million IPO, both advised by Ellenoff Grossman & Schole LLP.
March 20, 2017
Capitol Acquisition Corp. III to Combine with Cision
The parent company of Cision, a leading global provider of cloud-based earned media solutions, and Capitol Acquisition Corp. III (NASDAQ: CLAC; "Capitol"), a public investment vehicle, announced that they have entered into a definitive agreement in which Cision will become a publicly listed company with an anticipated initial enterprise value of approximately $2.4 billion.
March 20, 2017
How 'Bout Those Twinkies?
Don't recall the Hostess IPO? That's because technically there wasn't one. Its owners Apollo Global Management and Metropoulos & Co. -- which acquired the old Hostess during its 2013 liquidation -- opted to sell the business four months ago to a special-purpose acquisition company, or SPAC, sponsored by Gores Group, another private equity shop.
March 10, 2017
Matlin & Partners Acquisition Corporation Announces Pricing of $300,000,000 Initial Public Offering
Matlin & Partners Acquisition Corporation announced the closing of its initial public offering in the amount of $300,000,000. The Company is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
March 09, 2017
Kayne Anderson Files $350M IPO For Energy-Focused SPAC
Kayne Anderson Capital Advisors LP announced their plans for an initial public offering that would raise $350 million for a special purpose acquisition company, or “blank-check company,” with its sights on acquiring an energy business. EG&S is counsel to Kayne.
February 27, 2017
Daseke, Inc. and Hennessy Capital Acquisition Corp. II Announce Closing of Merger Transaction
Daseke, Inc. (“Daseke”) and Hennessy Capital Acquisition Corp. II (NASDAQ: HCAC, HCACU, HCACW) (“HCAC” or the “Company”) today announced the closing of their previously announced business combination. The merger was approved at HCAC’s special meeting of stockholders held earlier today. As part of the transaction, HCAC changed its name to Daseke, Inc. As a result, the Company expects that, effective Feb. 28, 2017, the Company’s common stock and warrants will begin trading under the ticker symbols “DSKE” and “DSKEW,” respectively, on the Nasdaq Capital Market.
January 11, 2017
Sequel Youth and Family Services and Global Partner Acquisition Corp. Announce Agreement for Business Combination
Sequel Youth and Family Services ("Sequel"), a leading, national provider of diversified behavioral health services for children, adolescents and adults with behavioral, emotional or physical challenges, and Global Partner Acquisition Corp. (Nasdaq: GPAC; GPACW; GPACU), a special purpose acquisition company ("GPAC"), today announced they have entered into a definitive merger agreement. This transaction will enable Sequel to become a Nasdaq-listed public company, with an anticipated initial enterprise value of approximately $423.3 million.
January 05, 2017
Acasta Enterprises Inc. Announces Closing of Qualifying Acquisition
Acasta Enterprises Inc. (TSX: AEF) ("Acasta") announced today the closing of its qualifying acquisition of 100% of three exceptional businesses, alongside Acasta's launch as a long-term investment and private equity management firm. Acasta has acquired two leading private label consumer staples businesses, Apollo Health and Beauty Care Partnership and JemPak Corporation, and a best-in-class commercial aviation finance advisory and asset management business, Stellwagen Group.
December 27, 2016
Pacific Special Acquisition Corp. Announces Signing of Merger Agreement with Borqs International Holding Corp.
Pacific Special Acquisition Corp. ("Pacific" or the "Company", NASDAQ: PAACU, PAAC, PAACR and PAACW) announced today that it has signed a definitive merger agreement with Borqs International Holding Corp ("Borqs"), a leading global provider of smart connected devices and cloud service solutions for the Internet of Things ("IoT") industry. Upon closing under the merger agreement, Borqs will become the operating entity of the combined company.
December 22, 2016
Hennessy Capital Acquisition Corp. II (HCAC) to Merge with Daseke in $626M Deal
Hennessy Capital Acquisition Corp. II (NASDAQ: HCAC) (NASDAQ: HCACU) (NASDAQ: HCACW) (“HCAC”) and Daseke, Inc. (“Daseke”) today announced they have entered into a definitive merger agreement. This proposed transaction will allow Daseke to become a Nasdaq-listed public company.
December 20, 2016
Origo Acquisition Corporation and Aina Le’a, Inc. Agree to Business Combination
Origo Acquisition Corporation (NASDAQ: OACQ; OACQW; OACQU; OACQR) (“Origo”) today announced that it has entered into a Merger Agreement (“Merger Agreement”) with Aina Le’a, Inc. (“Aina Le’a”), a residential and commercial real estate developer of distinctive master-planned communities in Hawaii. Pursuant to the terms of the Merger Agreement, Origo will merge with and into Aina Le’a Merger Sub, Inc., a newly formed subsidiary of Aina Le’a, and equity holders and warrant holders of Origo will become equity holders and warrant holders of Aina Le’a (the “Business Combination”).
December 19, 2016
Terrapin 3 Acquisition Corporation Completes Business Combination with Yatra Online
Terrapin 3 Acquisition Corporation announced that it has closed its business combination with Yatra Online valued at approximately $93 million, pursuant which Terrapin has become a partially owned subsidiary of Yatra.
August 19, 2016
Blank check from Greece: Stellar Acquisition III prices $65 million IPO at $10, as expected
Stellar Acquisition III, a Greek blank check company, announced the closing of its initial public offering in the amount of $65,000,000. EG&S acted as counsel to Stellar.
August 15, 2016
Another Way to Invest With the Smart Money: SPACs
Stocks of Blackstone, Carlyle Group and other publicly traded private-equity firms aren't the only way that individual investors that don't want to fork over what it takes to buy into a partnership can participate in this part of the smart money set. In fact, legendary investor Wilbur Ross has led PE into a little-known corner of the public markets known as special-purpose acquisition companies, which raise capital through IPOs that is then put to use in M&A. Of course, you and other buyers of SPAC shares may have no idea what the PE firms will end up
July 14, 2016
Terrapin 3 Acquisition Corporation Announces Business Combination with Yatra Online, Inc.
A rapidly growing India-based online travel agent, and Terrapin 3 Acquisition Corporation (NASDAQ: TRTL; "TRTL"), announced that they have entered into a definitive agreement to combine in a transaction that values Yatra at an enterprise value of $218 million. Yatra is one of the fastest growing consumer travel platforms and online travel agents in India with more than 4 million customers. TRTL is a special purpose acquisition company formed for the purpose of effecting a...
July 06, 2016
How Wall Street made an absolute killing from Twinkies
Apollo Global Management and the family-owned private equity firm C. Dean Metropoulos & Company — which together bought Hostess out of bankruptcy in 2013 — have sold the company to Gores Holdings, a special purpose acquisition company, for some $675 million.
June 23, 2016
Blank check company Conyers Park Acquisition files and sets terms for $350 million IPO
Conyers Park Acquisition, a blank check company led by the former CEO of Gillette, announced terms for its IPO on Monday.