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Regulations
Will a new rulemaking proposal from the SEC slow down the use of blank-check companies, which raised a record $162.5bn through 613 IPOs last year?
The sell-side process aimed at SPACs is more limited than a typical M&A process, and in most cases, price isn't the dominating factor when determining the best partner, panelists said at a virtual McDermott Will & Emery conference.
CalPERS building sign
Special purpose acquisition companies are both an opportunity and a threat, interim chief investment officer Dan Bienvenue tells the pension’s investment committee.
DuPont Capital’s merger arbitrage managers weigh in on SPACs.
Mark Stone ignores the feeding frenzy and focuses on getting the best possible deals to market.
Car, speed, acceleration, drive, driving
While speed is viewed as the top benefit of a SPAC (versus a traditional IPO) among C-level execs, many also view the accelerated timeframe to complete a transaction as the biggest challenge. 
After years of investor indifference, SPACs have turned a corner, and now just about everyone wants in on the product that many believe is here for the long haul. As of September 30, 185 special purpose acquisition companies are sitting on more than $58 billion of dry powder, according to SPAC Research. That’s a big […]
True Wind Capital, Adam Clammer, Jamie Greene, private equity, KKR
The firm plans to merge TWC Tech Holdings II with a tech-focused high growth, high quality company with a transaction value north of $1 billion and up to $10 billion.
The SPAC route allows Cerevel to combine two transactions into a single event, all the while presenting a more educated investor base pre-IPO, a senior executive on Bain's life sciences team said.
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