SPACInsider Logo
Podcast: Sudhir Panikassery, Founder & CEO of Aeries Technology, and Daniel Webb of Worldwide Webb
by Kristi Marvin on 2023-04-05 at 7:35am

SPACs have been searching hard for combination targets with lean balance sheets and strong cash flow. So, why not combine with a company that helps other companies develop lean balance sheets and strong cash flow?

Aeries Technology does just that, working frequently in conjunction with private equity firms to find efficiencies in their target companies amid a turnaround.

This week, we speak with Sudhir Panikassery, Founder and CEO of Aeries. It announced a $391 million combination with Worldwide Webb Acquisition Corp in March.

Sudhir explains why sourcing clients through private equity firm partners has helped it maintain sticky retention while expanding its margins as it embeds its services deeper in company operations.

Daniel Webb, CEO and CFO of Worldwide Webb Acquisition Corp. (Nasdaq: WWAC), also joins to discuss why Aeries is a fit for the current climate and how they have structured the transaction to provide additional potential upside.

Give it a listen.


 

 

Recent Posts
by Marlena Haddad on 2023-05-26 at 5:41pm

Latest SPAC Liquidations: Social Capital Suvretta Holdings II & IV, Sculptor Acquisition Corp I, Logistics Innovation Technologies Corp., and Senior Connect I  Social Capital Suvretta Holdings Corp. II (DNAB) to Liquidate on June 30 On May 26,  Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) announced that it would not complete its initial business combination by its...

by Marlena Haddad on 2023-05-26 at 5:39pm

Latest Non-Redemption Agreements:  Southport Acquisition Corp., and Social Leverage Acquisition Corp. I Southport Acquisition Corporation (PORT) Adds Non-Redemption Agreement On May 25, 2023, Southport Acquisition Corporation (NYSE:PORT) and its sponsor, Southport Acquisition Sponsor LLC, entered into voting and non-redemption agreements with unaffiliated third parties in exchange for such third parties agreeing  not to redeem an aggregate...

by Marlena Haddad on 2023-05-26 at 4:53pm

ST Energy Transition I Ltd. (NYSE: STET) announced this afternoon that it has cancelled its meeting to vote on an extension proposal. The SPAC initially announced the pricing of its $250 million IPO in December 2021 and had 18 months on its timeline to combine with a target. If the SPAC received shareholder approval of an...

by Marlena Haddad on 2023-05-26 at 11:32am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: VinFast recalls first batch of EVs in the US, Arrival seeks second chance with EV tax credits, and QualTek files for bankruptcy  Vietnam’s VinFast recalls first batch of US-bound EVs over safety risk Vietnamese...

by Nicholas Alan Clayton on 2023-05-26 at 9:23am

Embark Technology (NASDAQ:EMBK), which combined with Northern Genesis II in November 2021, announced this morning that it has agreed to merge with software firm Applied Intuition. The all-cash deal would give the company a total equity value of $71 million – a far drop from the roughly $5 billion valuation it had upon its Nasdaq...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved