SPACs are on the Rise; Private Equity Firm TPG is Shopping for Three Private Companies to Take Public

The Dallas Morning News secured insight from Weaver’s National Strategy Leader, Alyssa Martin, on reports that Fort Worth private equity firm, TPG, has three new SPACs and is looking to merge with companies having strong environmental, social and governance principles as well as tech companies that can thrive in public markets.

• Blank check companies, known as SPACs, typically raise money from investors and go shopping for growing private companies to invest in or buy. They then take the acquisition public and bypass traditional initial stock offering requirements.

  “Sponsors that back SPACs, like TPG, go into the process with a sense of the target company in mind or a shortlist of companies it would merge with,” said Alyssa Martin, a CPA for Texas-based advisory firm Weaver.

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