On the 27th of July this year, the UK Financial Conduct Authority (the “FCA”) published a policy statement setting out its final rules and changes to its listing rules for certain special purpose acquisition companies, or...more
Introduction – what are SPACs? A Special Purpose Acquisition Company, or ‘SPAC,’ is a company created with cash only for the purpose of acquiring one or more businesses (the UK ‘blank-check company’ is very similar). SPACs...more
Originally published on the-drawdown.com. When structured successfully, a fund continuation transaction can create benefits for all relevant parties. For GPs, the benefits in doing so are fairly obvious.
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Jeffrey M Bronheim, Daniel H Mathias, and James R Mossetto discuss the impact of the COVID-19 pandemic on private equity funds, noting that investor uncertainty and the need to preserve cash may drive limited partners (“LPs”)...more
The mysterious new virus first hit the headlines in late 2019, with several cases of viral pneumonia emerging in Wuhan, China. Less than three months later, the new coronavirus has infected over 116,000 people worldwide and...more
3/11/2020
/ Best Practices ,
Business Continuity Plans ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Crisis Management ,
Emergency Management Plans ,
Force Majeure Clause ,
Infectious Diseases ,
Investment ,
Investor Protection ,
Material Adverse Effects ,
Public Health ,
Risk Management