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SPACs may give traditional PEs a run for their money

Special Purpose Acquisition Companies (or SPAC) appear to be in vogue for corporate acquisitions. Also described as “blind pool”, “blank-check” or “development stage companies”, a SPAC, without any assets, revenue or operational history, raises money through an initial public offering (IPO), based on the strength of its management team, industry and geographic focus, with the … Continue reading