BCC Investment in a letter to the SEC today said it is withdrawing a planned offering of 30 million units, which were initially registered with the regulator in March 2021.
The SPAC had intended to focus on opportunities primarily in North America, Europe and Asia that complement the sponsor’s and management team’s background, especially companies with an established business model and defensible market position.
BCC Investment is led by Chairman Jeff Robinson, Bain Capital’s managing director of the distressed and special situations group, a portfolio manager of Bain Capital Credit’s distressed and special situations funds and an investment committee member of Bain Capital Credit.
The SPAC had planned to apply for a listing on the NYSE, with Goldman Sachgs and Evercore tapped to underwrite the deal. Read more.
