Blank check investors—also known as special purpose acquisition companies (SPACs)—raised more than $12 billion in the first half of 2020. Now they are looking to spend that capital on privately-held companies. But securing that blank check investment isn’t as easy as it sounds.
In this edition of Privately Speaking, we look at some of the unique challenges involved in attracting and closing investments from SPACs and offer some advice to help private company leaders and their boards leverage this potential growth opportunity.
Did you know?
In the first half of 2020 alone, SPACs raised more than $10 billion—almost as much as was raised in all of 2019.
SPACs offer private companies an attractive route to growth and quick access to public markets. But owners and managers must be realistic about the special considerations and nuances involved in closing a SPAC deal.
– Conor Moore, National Leader, KPMG Private Enterprise, KPMG LLP
Privately Speaking Series
Privately Speaking tackles the issues that privately-held entities, including private equity- and venture capital-backed companies, care about most. In each edition, we share insights, as well as practical, actionable tips to help boards and executive management grow, strengthen, and transition their privately-held businesses.
Whether your company is starting out and growing or strengthening and transitioning, this series promises to explore ways to help companies be successful at any stage of the business lifecycle.
