Sentences with phrase «purpose acquisition vehicles»
Not exact matches
The snappily dressed former Facebook executive, who co-founded Social Capital in 2011, made early bets on Bitcoin, started a hedge fund, and raised $ 600 million to help startups go public through an unconventional vehicle known as a SPAC, or special purpose acquisition company.
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An acquisition finance transaction is usually structured with an investment vehicle in the form of a newly incorporated special purpose vehicle (SPV) which acts as the purchaser and borrows the acquisition finance.