Eldridge's Fintech SPAC Leads IPO Floats Worth $900M

Law360 (August 21, 2020, 6:42 PM EDT) -- Private equity firm Eldridge Industries' financial services-focused blank check company led a trio of special purpose acquisition companies to introduce their units on the exchanges Friday in initial public offerings totaling $900 million.

Connecticut-based Eldridge Industries LLC's Horizon Acquisition Corp. said it raked in at least $500 million to focus on merging with a financial services-related company. The second SPAC to debut, Fast Acquisition Corp., which was created by the founder of restaurant chain Ruby Tuesday and counts NFL players among its advisers, said it garnered $200 million to target North American restaurant and hospitality businesses. And Colonnade Acquisition Corp. raised...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!