Questions about launching a SPAC
- How important is it to have a placement agent? Are they the ones that set up roadshows? Are placement agents the same as ECM bankers for IPOs?
- What kinds of things do you talk about on your investor roadshow with potential investors? Is this the same type of thing as would be in a fundraising deck for a regular private equity firm (I am familiar with these so compare and contrast would be helpful). How are they different?
- How long does this process typically take, from calling up your lawyer and asking them to do the legal structuring, to finding a placement agent, to completing your roadshow, to starting your search?
- I am specifically talking about the length of the "pre-launch" phase if you artificially divide the SPAC process into "setting up" and "doing the search / the job of running a SPAC"
- Can you use leverage in the SPAC acquisition process (e.g., we raised $200mm for our SPAC, our target has an EV of $400mm, so we buy with 50% equity 50% / 50% leverage?
- How is the day to day role different than working in PE at the Associate or VP levels?
Hi Intern in PE - LBOs, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
I hope those threads give you a bit more insight.
Bump
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