Steve McLaughlin and FT Partners Close $500,000,000 SPAC: Seeking $2-10bn Acquisition

Given all of the incredible results we've had with clients and SPACs, we decided to get in the game! FT Partners is excited to announce the 5x oversubscribed pricing of our newly formed and live ~$500mm SPAC. You can read about Independence Holdings Corp.'s initial public offering and see it now trading on NASDAQ under ticker "ACQRU." 

This vehicle will give us yet another way to creatively work with exceptional companies in the FinTech world. We're seeking to partner with a stellar management team / company in the $2bn to $10+bn enterprise value range, operating within FinTech and other relevant sectors.  

If you are interested in discussing any aspect of the SPAC market or our SPAC, please email me (steve.mclaughlin@ftpartners.com) or the CEO of Independence Holdings, Larry Furlong (larry.furlong@ftpartners.com).

For our SPAC, we are extremely excited to have partnered with our friends at Bregal Sagemount, whose founder and Managing Partner, Gene Yoon, is Co-Chairman with me. Gene is a long-time friend, client, awesome guy, great growth equity investor and value-added partner to management teams. 

Independence Holdings will build upon FT Partners' extensive experience as one of the leading advisors to FinTech companies being acquired by SPACs. We have advised six FinTech companies on such transactions to date – all of which are trading up nicely (each of the closed deals are up ~2-4x with huge IRRs for investors to date). And more are on the way for other great FT Partners clients! Our SPAC deals to date include:

• Payoneer's $3.8 billion Merger with FTAC Olympus Acquisition Corp.
• MoneyLion's $2.9 billion Merger with Fusion Acquisition Corp. 
• Open Lending's $1.7 billion Merger with Nebula Acquisition Corp.
• Porch's ~$1 billion Merger with PropTech Acquisition Corp.
• REPAY's $665 million Merger with Thunder Bridge Acquisition
• CardConnect's $438 million Merger with FinTech Acquisition Corp. (we subsequently advised CardConnect on its $750 million sale to First Data a year later, nearly doubling its valuation)