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PE firms line up to launch blank-check companies amid 2020 spike

Nov 20, 2020 - SNL European Financials Daily

Apollo, TPG, CC Capital and Neuberger Berman, and special purpose acquisition company-focused The Gores Group have all priced blank-check companies this year.

Once considered an eleventh hour way to raise and invest capital, blank-check companies are growing in popularity among private equity firms wanting to differentiate their product offerings and make the most of their deal pipelines.

The launch of these companies, also known as special purpose acquisition companies, or SPACs, ha...