The new company aims to combine with a business that is underperforming its potential and valued attractively to existing cash flows. CC Neuberger III is led by CEO Chinh E. Chu, CFO Matthew Skurbe and EVPs Jason K. Giordano and Douglas Newton.
Total SPAC deal count for 2021 year-to-date is now 99 with $28.8 billion in gross proceeds raised. This offering is expected to close on Friday, February 5.
Citigroup and Evercore ISI are acting as joint book-running managers for the offering and Houlihan Lokey, Natixis, Nomura, Rothschild & Co, Loop Capital Markets and Academy Securities are acting as co-managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.