Want to invest in a buy-out company? How about if you don’t know what industry they are going to be looking for acquisitions in?
Your chance is now. Opportunity Acquisition Corp is filing an IPO for US$150m, plus warrants potentially for another $112.5m. It’s owned by an outfit called JMP now, and they’ll keep 20% after the IPO. JMP is a small investment bank/asset management company worth about $150m.
What I like about this deal is that is just says everything about how great the US markets are. Even in a huge down market there is the chance to build something new. I’d be tempted to invest if the SEC filing says, for example, that the managers are established vulture capitalists.
What is scary about this deal is everything else. No information means this is essentially a gamble. I’ll be leaving this one aside.
Lance Wiggs 