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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