TPG Pace Energy Holdings has already released the results of its shareholder vote to approve its business combination with Enervest, to create Magnolia Oil & Gas, and it was overwhelmingly positive. ...READ MORE
Matlin & Partners Acquisition Corp. (“MPAC”), announced this morning it has entered into a merger and contribution agreement with U.S. ...READ MORE
TPG Pace Energy Holdings announced yesterday they had commenced a $400 million senior unsecured note offering (due 2026). This a 33% increase from the originally announced $300 million note offering. TPGE’s proposed deal with EnerVest to form Magnolia Oil & Gas Corporation, has been extremely well received and this size increase is further evidence of that. ...READ MORE
If anybody has wondered where I’ve been lately, I’ve been working on this. What started as a conversation I had with a SPAC banker regarding a management team I thought he should pitch, wound up leading me down a deep, deep rabbit hole of data. ...READ MORE
Question: If a SPAC prices during a holiday week and there’s no around to see it, does it make a sound? ...READ MORE
Allegro Merger Corp., in what is supposed to be a quiet week, just filed their CERT and should be pricing their IPO tonight for trading Tuesday. ...READ MORE
Once again, Ellenoff Grossman & Schole ("EGS") dominated the SPAC IPO Legal League for both the second quarter and first half of 2018. EGS was counsel on six assignments in Q2, twice as many as their nearest competitor, Skadden, Arps, Slate, Meagher & Flom LLP ("Skadden"), which had three assignments. Overall, for the first half of 2018, EGS had 11 SPAC assignments with total deal volume of $2.5 billion.
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Credit Suisse led 2018's second quarter based on deal volume, but BofA Merrill Lynch took top honors for SPAC IPOs in the first half of 2018. BofA has been making big moves this year with $1.3 billion in SPAC underwritings to date, whereas in all of 2017 BofA's total was just $460 million (completed in one transaction). And while Credit Suisse has always been at the top of the SPAC IPO pack, BofA's efforts are notable and a bank to watch in the second half of the year.
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Credit Suisse is the 2018 SPACInsider Underwriters League Tournament Champion!
As winner, you will be receiving the SPACInsider Underwriters League Champion Award, sponsored by Refresh Creations
This is just a mock-up, since Refresh Creations was awesome enough to get involved at the last minute, but we will be sending the final version to Credit Suisse in the next two weeks once complete. ...READ MORE
After some HEAVY voting last night, Credit Suisse made a comeback and beat B. Riley FBR, 62% to 38%.
It’s still early, but Credit Suisse is currently leading Cantor by 82% to 18%. ...READ MORE
Tonight, both New Frontier Corp. and HL Acquisitions filed to upsize their SPAC IPO offerings to cap off an extremely busy month on a high note. ...READ MORE
HL Acquisitions Corp., just filed their CERT, so we have two SPACs now pricing for Thursday trading (the other being New Frontier).
HL Acquisitions is a $42.5 million SPAC focused on the “hydrocarbon logistics and processing sector” and is headed by is headed by CEO, Jeffrey Schwarz, the co-founder of Metropolitan Capital Advisors, Inc., ...READ MORE
Apologies for the Star Trek quote, but every time I hear “New Frontier,” its all I can think of…
New Frontier Corp., just filed their CERT, so as widely expected, this SPAC will be pricing their up-sized $230 million IPO tonight for trading Thursday. ...READ MORE
It’s only 10:15AM, but voting has been heavy this morning and the match between Cantor and EarlyBird is tight!
Remember, voting ends at Midnight and the ultimate winner is based on TOTAL number of votes throughout the entire tournament. ...READ MORE
Voting ends at Midnight so there’s still time…Get your votes in to see who makes the Final Four!
Standings:
Bofa 67% vs Credit Suisse 33%
B. Riley FBR 100% vs. ...READ MORE
Hennessy Capital Acquisition Corp. III, Daniel Hennessy’s third SPAC focused on the industrial sector, announced this morning it has entered into a definitive agreement and to acquire NRC Group Holdings, a portfolio company of private equity firm, J.F. ...READ MORE
U.S. News and World Report just released an article stating that Chinh Chu, a former Blackstone Group dealmaker, has partnered with Pinnacle Foods Chairman Roger Deromedi, for a new SPAC focused on the consumer sector. ...READ MORE
We have a pretty decent match going on between BofA and Chardan. Chardan took the lead this morning, but BofA came back and is now leading 57% to 43%. ...READ MORE
Easterly Acquisition Corp, a SPAC focused on the financial services sector, announced this morning it has entered into a definitive agreement and plan of merger with Sirius International Insurance Group, Ltd., a ...READ MORE