Conyers Park II Prices $400M SPAC IPO
by Sam Talkington on 2019-07-17 at 7:35pm

Conyers Park II Acquisition Corp. (CPAAU), announced the pricing of their $400 million SPAC IPO this evening. Conyers Park II’s units are expected to begin trading Thursday, July 18th, under the symbol NASDAQ: CPAAU.

Conyers Park II will focus on the consumer sector and will be led by James Kilts, as Executive Chairman, and David West, as CEO.

Total SPAC deal count for 2019 year-to-date is now 33 with $7.98 billion in gross proceeds raised. The offering is expected to close on July 22, 2019.

Congratulations to all.

Deutsche Bank and Goldman Sachs acted as joint book-running managers. Kirkland & Ellis LLP  and Ropes & Gray LLP were issuer’s counsel and underwriter’s counsel, respectively.

Recent Posts
by Anthony Sozzi on 2024-05-01 at 1:00pm

As the month closes, the urgency among teams to get shareholder approval for more time to finalize business combinations continues to grow. The deadline for completing these combinations is increasingly extended as teams face rising timelines and gradually diminishing trust funds due to multiple extensions. Extension Votes April, much like the previous months, has seen...

by Nicholas Alan Clayton on 2024-05-01 at 7:41am

At the SPAC of Dawn Of the days with potential to shake up the market with news this week, today is the big one. Markets are currently anticipating a “near-zero” chance of any changes in the Fed’s rate-cut schedule coming out of today’s meeting. But, other news could come in a change in policy on...

by Nicholas Alan Clayton on 2024-04-30 at 4:25pm

The pace of de-SPACs making it to their lock-up expirations is set to roughly remain level with last month as May’s batch includes five companies and six sponsors set to be released. This group features a high number of Asia-based deals including its headline performer, SunCar Technology (NASDAQ:SDA), which last closed at $7.91. Earlier this...

by Nicholas Alan Clayton on 2024-04-30 at 2:01pm

DT Cloud Star (NASDAQ:DTSQU) filed an S-1 to raise $60 million as the second SPAC by its sponsor team, but this venture would be the 13th foray by underwriter Alliance Global Partners and the first under its new branding as AGP. However, three of those initial filings have subsequently been withdrawn. Nonetheless, AGP is offering...

by Nicholas Alan Clayton on 2024-04-30 at 8:15am

At the SPAC of Dawn Tuesday brings another packed day in a packed week of potentially market-moving events and individual SPAC actions. The market today will take in the update on US consumer confidence readings as well as the employment cost index and Treasury’s decision on its quarterly refunding plans. An unusually large portion of...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved