Withum is the current auditor of record on the largest special purpose acquisition company (“SPAC”) IPO since the 2008 financial crisis, CF Corporation, backed by the former top dealmaker and executive from Blackstone Group LP and Fidelity National Financial Inc. Chairman, which raised $690 million in Q2 and has an additional $510 million committed to be raised in a private placement, bringing the total raise up to $1.2 billion. In addition, Withum was the auditor of record on the largest of SPAC IPO of Q1 2016 with the $500 million IPO of Silver Run Acquisition Corp, which has an energy-focused private equity sponsor Riverstone Holdings, LLC.
Withum is the current auditor of record on an aggregate of $1.2 billion of the approximately $9 billion IPO funds raised in the first two quarters of 2016, accounting for approximately 13% of the total IPO funds raised, which puts Withum as one of the top Non-Big Four accounting firms in the IPO marketplace, specifically as it relates to the SPAC niche arena. Withum continues to demonstrate its expertise in the SPAC marketplace as well as other financial service industry verticals of private equity and venture capital as we have worked with the most prominent investment banks and law firms in the industry.
Click here to read the article on the deals mentioned above in the Wall Street Journal, and be sure to check out Withum’s website on the overall SPAC experience with the link provided below:
As a top 30 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 space. 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.