Securities,
Mergers & Acquisitions,
Corporate
Mar. 29, 2017
Private equity sponsors using SPACs
Historically, "special purpose acquisition companies" only appealed to hedge fund investors. But recent years have seen a shift. By Sara L. Terheggen
Sara L. Terheggen
Founder and Managing Director
The NBD Group, Inc.
UC Berkeley Boalt Hall
The NBD Group, Inc., a leading legal and business solutions firm. Dr. T has advised on transactions with an aggregate value of more than $110 billion, including more than 20 IPOs, and she has been recognized close to 50 times for her professional expertise and leadership.
DR. T ON SECURITIES
Special purpose acquisition companies, or SPACs, have been around for many years. Historically, SPACs were considered risky investments that only appealed primarily to hedge fund investors. But recent years have seen a shift in sentiment with an ongoing trend of top private equity sponsors and target companies working their way into the mix. This trend is providing validation for the model by increasing the likelihood that ...
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