Sentences with phrase «special purpose acquisition»

ROIC got its start from cash raised through a special purpose acquisition company (or SPAC); in essence, a blind pool with $ 400MM of cash at the trough of the real estate market.

Global law firm Norton Rose Fulbright has advised Credit Suisse, Goldman Sachs and Morgan Stanley as joint global co-ordinators and joint bookrunners on the initial public offering of Landscape Acquisition Holdings Limited (Landscape), a special purpose acquisition company (of SPAC) that intends to focus on acquiring a business likely with a real estate component and all or a substantial part of its activities in North America or Europe.

One Madison Corporation is a consumer sector - focused special purpose acquisition company sponsored by One Madison Group LLC.

UPDATE: We have a special purpose acquisition company (SPAC) buying a chemical and plastic resins company, Nexeo Solutions Holdings, with subsidiaries that distribute in China.

These «special purpose acquisition corporations» were marketed during the preceding boom in private equity investing.

Special purpose acquisition companies (a.k.a. «SPACs») hit a global issuance record this year.

Both companies are special purpose acquisition companies and are affiliated with TPG Capital.

The Kansas City, Missouri - based snack cake company, which was founded in 1919, will be acquired by Gores Holdings Inc GRSH.O, a special purpose acquisition company (SPAC).

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.

By the same token, he says, private equity firms face stiff competition from strategic buyers and a growing number of other financing options, including pension funds, family offices, sovereign wealth funds and special purpose acquisition corporations (SPACs).

Kathleen serves on the board of directors of Apptio, a publicly traded provider of business management software - as - a-service applications, and TPG Pace Holdings Corp., a publicly traded special purpose acquisition company.

III, is a special purpose acquisition company (or SPAC) which raised $ 257 million in its IPO in June 2017 and is now listed on the New York Stock Exchange (NYSE American: HCAC).

Not exact matches

Today it's used for financial engineering purposes, such as stock buybacks, special dividends and support for mergers and acquisitions.

By 2006, American Apparel was pursuing a public financing, and announced a merger with Endeavor Acquisition Corp., a special - purpose acquisition company.

After an absence from financial markets, special - purpose acquisition companies, or SPACs, have recently returned — and are popping up in new markets around the world.

Purple Innovation Inc (NASDAQ: PRPL)'s reverse merger with a special - purpose acquisition company makes it the first U.S. - listed bed - in - a-box company, according to Wedbush.

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The tender offer is conditioned upon, among other things, (i) the BVF Nominees being elected to Avigen's board of directors at a special meeting of stockholders called for that purpose, or otherwise appointed, and constituting a majority of directors on Avigen's board, (ii) the Avigen board redeeming the poison pill rights issued and outstanding under Avigen's Poison Pill Rights Plan, or the Purchaser being satisfied in its reasonable discretion that the Poison Pill Rights are otherwise inapplicable to this tender offer, the Purchaser or any affiliate or associate of the Purchaser and (iii) Avigen not having authorized, recommended, proposed, announced its intent to enter into or entered into an agreement with respect to or effected any merger, consolidation, liquidation, dissolution, business combination, acquisition of assets, disposition of assets, alternative strategy or relinquishment of any material contract or other right of Avigen or any comparable event or capital depleting transaction not in the ordinary course of business.

It also excluded miscellaneous financial companies such as exchange - traded products, closed - end funds, and special - purpose acquisition companies, because they don't have operating businesses.

Today it's used for financial engineering purposes, such as stock buybacks, special dividends and support for mergers and acquisitions.

In Blank Checks Firing Blanks (Breakingviews.com via NYTimes.com), Lauren Silva Laughlin and George Hay write about the recent performance of blank check companies, otherwise known as special - purpose acquisition corporations or SPACs.

Stellar is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, 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 or enPurpose Acquisition Company, or SPAC, 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 or enpurpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

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.

The Investor will either loan and / or arrange for third - party financing for the acquisition of the like - kind replacement property to the Special Purpose Entity set - up by the Exchange Accommodation Titleholder.