Investor Mark Ein looks to raise $600 mln through two more SPACs
Capitol Investment Corp VI, the sixth special purpose
acquisition company (SPAC) backed by Ein, said it would sell 20
million units, comprising shares and warrants, priced at
The seventh blank-check firm, Capitol Investment Corp VII, said it would sell 40 million shares at the same price. (https://bit.ly/3a2veln)
Ein worked at Carlyle Group (CG), Brentwood Associates and Goldman Sachs Group Inc (GS) before setting out on his own as an investor.
His prior SPACs have invested in a range of firms including real estate investment trust Two Harbors, specialty cruise operator Lindblad Expeditions (LIND) and PR Newswire owner Cision and NESCO, a provider of specialty rental equipment.
A SPAC, a shell company that raises money in an IPO before later merging with a privately held company to take the latter public, has become many investors' structure of choice over the past year.
Citigroup and Deutsche Bank Securities are underwriters on
the lastest offerings.
(Reporting by