PE Tech Report

SPACs

Babylon Holdings to merge with Akuri Global Acquisition Corp

Babylon Holdings Limited (Babylon), a digital-first value-based care company, and Alkuri Global Acquisition Corp (Alkuri Global), a special purpose acquisition company, today announced that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Babylon and plans to trade on Nasdaq

Former SEC Director of Corporation Finance joins &vest as Partner

&vest, an investment platform founded in 2019 focused on SPACs and private investments, has appointed Bill Hinman as a Partner. Hinman served as Director of Corporation Finance at the US Securities and Exchange Commission (SEC) from 2017 to 2020, where he was primarily responsible for overseeing regulations and processes for

Zac McGinnis, Riveron

Advice and expectations – steps to a successful SPAC deal

Following the global outbreak of the Covid-19 pandemic in March 2020, the private capital industry saw a significant build-up of dry powder. Special purpose acquisition companies (SPACs) provided an outlet for these funds. However, sponsoring firms need to consider several factors to be well-prepared for launching a successful SPAC. Zac

Jeremy Swan, CohnReznick

GPs to look for diamonds in the rough with SPAC deals

Last year witnessed the meteoric rise of special purpose acquisition company (SPAC) deals. But, as regulators take a closer look at this development and fewer deal-ready companies are available for acquisition, the industry could see a slow-down in momentum.  “This latest iteration of the SPACs market is a lot more

SPACs market re-groups under closer scrutiny

By A Paris – Following a year of high exuberance, the market for special purpose acquisition companies (SPACs) has slowed since peaking in mid-February 2021. Now, with the US Securities and Exchange Commission (SEC) changing accounting rules and vowing to keep a close eye on the market, the momentum behind these vehicles

Apex launches outsourced SPAC COO solution

Apex Group has launched an Outsourced Special Purpose Acquisition Company (SPAC) Chief Operating Officer Solution via subsidiary Throgmorton US.  Daniel Strauss, CEO of GlassBridge Enterprises, a holding company focused on asset management opportunities, will be joining Apex in an advisory capacity to help guide and deliver the Outsourced SPAC COO Solution.

Q1 2021 sees record breaking number of SpaceTech SPACs worth USD7bn

The Space sector has seen a record-breaking number of Special Purpose Acquisition Company (SPACS) deals announced in the first quarter of 2021, worth more than USD7 billion collectively.  Research conducted by Seraphim Capital, the world’s leading specialist investment group focused on the Space sector, reveals that the ‘SpaceTech’ industry has

Mark Yakuso, Morgan Creek

Morgan Creek’s Mark Yusko on SPACs, VC & retail

In this week’s podcast, Mark Yusko – founder, chief investment officer and managing director of Morgan Creek Capital Management – discusses why, in his view, SPACs are now replacing the traditional Series C, D and E rounds, how retail investors could tap into previously ‘hard to access’ late-stage growth PE

Boardroom Alpha launches SPACs evaluation service

Boardroom Alpha, a ratings and analytics platform providing quantitative measurements of public company directors, CEOs and CFOs, has launched an intelligence tool for evaluating the performance of Special Purpose Acquisition Companies (SPACs). Read the full story at Institutional Asset Manager…

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