PE Spac exit?
Hi guys:
How does a PE exit to SPAC usually work? It seems like you probably can't get all your cash off the table in one go...how do PE firms usually go about it? Do they continue to work on value creation for companies they exit through SPAC? or do they just act as if they are all exited now?
Thanks
For the PE sponsor of the exiting company, it will look similar to other IPOs. Not sure if there is anything inherently different about SPACs.
IPOs don't usually result in full liquidation, with the former PE sponsor usually remaining a majority owner or minority-majority. They will still work on value creation as long as they are on the board, but with extra hoops to jump through with the public requirements.
Dignissimos voluptatem ab a error facilis. Laboriosam distinctio fuga eveniet magnam tenetur id molestiae. Dolores possimus dolorem consequatur eaque. Ut consectetur sit laudantium et ad quia quam optio.
Qui dolorum est dolores doloribus. Praesentium eum dolorum est eaque eaque. Dolorem ratione ipsam dolores in.
Molestias et maxime odio quae aut aut. Ea labore quis velit. Voluptatem eaque id excepturi dolorem quis quibusdam. Quod est libero asperiores voluptate sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...