Withum Continues to Lead the SPAC IPO Market
In addition, Withum was the auditor of record for Conyers Park Acquisition Corp, a private equity-backed SPAC headed by former executives of The Gillette Co. Inc. and The Hershey Co., which raised $402 million, inclusive of $27.5 million of units issued pursuant to the exercise by the underwriters of their over-allotment option.
During the second quarter of 2016, Withum was also the auditor of record on the largest SPAC IPO since the 2008 financial crisis, CF Corporation. CF Corporation, backed by a former top dealmaker and executive from Blackstone Group LP and a former Fidelity National Financial Inc. Chairman, raised $690 million with an additional $510 million committed in a private placement, bringing the total to $1.2 billion.
With over $3 billion of SPAC IPOs sponsored by the investment community in the past 12 months, Withum is one of the top Non-Big Four accounting firms in the IPO marketplace, specifically as it relates to the SPAC niche. Withum continues to demonstrate its expertise in this as well as other financial service industry verticals, including private equity and venture capital funds, as it continues to work with the most prominent investment banks and law firms in the industry.
Click here to read the article in the Wall Street Journal on the above mentioned deals and be sure to check out Withum’s website on the overall SPAC experience with the link provided below:
As a top 25 public accounting Firm with 14 offices throughout the U.S. and Grand Cayman, Withum’s SEC Practice has been involved with over 50 Special Purpose Acquisition Corporation (SPAC) transactions and has worked with the top legal and underwriting players in this niche. These individual transactions have resulted in deals ranging from $50 million to over $1 billion. With over forty years of experience, we’ve been at the forefront of issues facing the alternative investment industry. The firm’s Financial Services Industry Group serves clients reflecting the diversity of the industry, including hedge fund managers, private equity firms, venture capital, real estate opportunity funds, mortgage bankers, broker-dealers and regulated investment companies