Dealmaker Chinh Chu Expected to File a New SPAC
by Kristi Marvin on 2018-06-25 at 5:14pm

Chinh Chu, who lead the 2016 $600 million CF Corporation, looking to file SPAC #2  

U.S. News and World Report just released an article stating that Chinh Chu, a former Blackstone Group dealmaker, has partnered with Pinnacle Foods Chairman Roger Deromedi, for a new SPAC focused on the consumer sector.

The SPAC is reportedly expected later this year and Chu, Deromedi and Jason Giordano (another ex-Blackstone colleague on the team), have already hired investment banks. Deal size is rumored to be in the $500 million range.

This would be Chinh Chu’s second SPAC, following the $600 million CF Corp., which bought U.S. annuities and life insurer Fidelity & Guaranty Life in a deal worth around $1.84 billion.

You can read the full article here.

Any guesses as to which banks are going to underwrite this one? If CF Corp. is any indication, Citigroup, Credit Suisse and BofA were on the cover.  Sounds like a nice line-up for SPAC #2.


Recent Posts
by Nicholas Alan Clayton on 2024-02-21 at 2:04pm

This year has been heralded as the year that the dam would finally break on the backlog of IPO candidates seeking to take the regular way to the public markets. So far, that has been the case with 22 companies pricing regular way IPOs after just 58 did so in all of 2022 and 101...

by Nicholas Alan Clayton on 2024-02-21 at 1:32pm

News and Rumors PR: Joby (NYSE:JOBY) has become the first eVTOL developer to complete the third of five stages for the Federal Aviation Administration’s (FAA) type certification process. Earlier this month it received the FAA’s Part 145 maintenance certificate laying the foundation for future repair services of its aircraft models. Joby combined with Reinvent Technology...

by Nicholas Alan Clayton on 2024-02-21 at 7:53am

At the SPAC of Dawn PHP Ventures (NASDAQ:PPHP) provided an update this morning on its combination with modular construction firm Modulex in the form of a refreshed investor presentation. The parties have been quiet on the news front since they announced the combination over a year ago in December 2022, but a few key facts...

by Nicholas Alan Clayton on 2024-02-21 at 6:19am

DT Cloud Acquisition Corporation (NASDAQ:DYCQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYCQU” today, Wednesday, February 21, 2024. The new SPAC plans to focus its target search on a company that is under-performing due to a temporary dislocation in the...

by Nicholas Alan Clayton on 2024-02-20 at 2:58pm

SDCL EDGE (NYSE:SEDA) has entered into a definitive agreement to combine with copper alloy manufacturer cunova at an enterprise value of $736 million, or 9.4x its 2023E adjusted EBITDA. Osnabrück, Germany-based cunova manufactures copper casts, fittings and conductivity products for the industrial, defense and aerospace sectors. The combined company is expected to trade on the...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved