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04.11 - 19:55
Goldman Sachs wants to build an investor-friendly SPAC business following market bust
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cnbc.comIn this article
Goldman Sachs just closed its second billion-dollar blank-check deal ever as the Wall Street firm seeks to change the struggling SPAC market by building a sustainable franchise that aligns investor interests with insiders.
Nuclear measurement and analytics company Mirion Technologies started trading on New York Stock Exchange Thursday after merging with GS Acquisition Holdings Corp. II, which values the combined company at about $2.6 billion including debt.
Unlike most of the SPACs on the market where sponsors are entitled to 20% of the total shares outstanding following the IPO for free, or at a big discount, Goldman's Mirion deal fully defers this so-called sponsor promote and sponsors will only start getting paid when
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