Posts
June 30 2021
Zaoui Brothers Join Europe’s SPAC Rush With Odyssey Listing
Investment banker brothers Michael and Yoel Zaoui have become the latest dealmakers to jump into Europe’s growing market for blank-check companies.
www.bloomberg.com
June 30 2021
Bowlero Reaches SPAC Merger Deal for $2.6 Billion Value
Bowlero Corp., an owner and operator of bowling centers, agreed to go public through a merger with blank-check company Isos Acquisition Corp. in a deal valuing the combined entity at $2.6 billion, according to people familiar with the matter.
www.bloomberg.com
June 28 2021
Former Turner Sports Executive Joins VC in Sports Tech SPAC
Matthew C. Hong, a former Turner Sports executive who was responsible for the day-to-day operations of its extensive sports portfolio, has joined the SPAC of two venture capitalists seeking a sports technology, e-sports, media or other technology businesses.
www.sports.yahoo.com
June 28 2021
Asian investors and targets remain hot on SPACs, as fundraising by blank-cheque companies cools
Asian investors and target companies in the region remain keen on special purpose acquisition companies (SPACs), with more than a dozen of these so-called blank-cheque companies with ties to Asia seeking to go public in the United States in the past two months alone.
www.scmp.com
June 28 2021
SPAC to Buy Stake in Universal Music Group for $4 Billion
Billionaire Bill Ackman’s blank check company, Pershing Square Tontine Holdings Ltd., has signed a deal to buy 10% of Santa Monica-based Universal Music Group for about $3.95 billion.
www.labusinessjournal.com
June 28 2021
Beachbody’s SPAC Merger With Peloton Rival Mints A New Billionaire
The SPAC craze has minted yet another billionaire in the latest example of blank-check companies leading to new members of the three-comma club. Santa Monica-based Beachbody—the exercise-DVD and weight-loss-shake-hawking multilevel marketing…
www.forbes.com
June 25 2021
Fenwick, BraunHagey land Buzzfeed’s $1.5 bln SPAC merger
Fenwick & West and BraunHagey & Borden are orchestrating Buzzfeed Inc’s $1.5 billion merger with 890 5th Avenue Partners Inc, a blank check company named after the fictional Avengers mansion.
www.reuters.com
June 25 2021
NYSE’s Cunningham Sees Heightened Scrutiny of SPACs on Horizon
New York Stock Exchange President Stacey Cunningham said special purpose acquisition companies can expect increased regulation and calls for transparency amid heightened scrutiny from the U.S. Securities and Exchange Commission.
www.bloomberg.com