Of the record 1,000 US initial public offerings in 2021 that raised €315 billion, some 60 percent of the deals were in new-generation cash shells, The Irish Times reports.
One of the early SPACs out the gates in January was North Atlantic, led by Irish corporate finance executive Gary Quin and packaging industry veteran Patrick Doran, who got their timing spot on before the appetite for SPACs began to taper off from the end of the first quarter.
Quin, NAAC’s chief executive and a former vice-chairman of Credit Suisse’s investment banking division and one-time adviser to Blackstone, and Doran, NAAC’s president and former chief executive of Dublin-based packaging company Americk, are hoping the deal they have just struck will TeleSign allow them stand out from the pack. Read more.
