2월 23일 상장 예정 스펙 - MACP

MCAP Acquisition Corporation (MACQ)

 

목표타겟 : 없음

 

Monroe Capital이 운용

 

이전에 Monroe Capital은 Thunder Bridge Acquisition Ltd(Nasdaq : TBRG) 및 

Thunder Bridge Acquisition II, Ltd. (Nasdaq : THBR)를 공동 설립하고 공동 후원

 

(i) 매력적인 밸류에이션, (ii) 지속적인 가치를 창출 할 수 있는 기업에 집중할 것

 

운영진

 

Theodore Koenig : Monroe Capital Corporation (Nasdaq : MRCC)의 이사회 회장 겸 최고 경영자 (CEO), Monroe의 투자위원회 위원장

 

Zia Uddin : Monroe Capital의 투자위원회 위원

 

Mark Solovy : Monroe Capital의 기술 금융 그룹의 전무 이사 겸 공동 책임자

등등

 

 

 

요약

 

Our Company

 

We are a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an initial business combination target in any business, industry or sector, we intend to capitalize on our management team’s differentiated ability to source, acquire and manage software, technology-enabled and business services companies.

 

Our sponsor, MCAP Acquisition, LLC, is managed by an affiliate of Monroe Capital LLC, a Delaware limited liability company that was founded in 2004, and Monroe Capital Management Advisors, LLC, an SEC-registered investment adviser (collectively “Monroe Capital”), which is an asset manager focused on investing in middle-market companies. As of September 30, 2020, Monroe Capital had approximately $9.1 billion in assets under management. Over its seventeen-year history, Monroe Capital has developed an established lending platform that we believe generates consistent deal flow from a network of proprietary relationships. Monroe Capital’s assets under management are comprised of a diverse portfolio of over 490 current investments that were either originated directly by Monroe Capital or sourced from Monroe Capital’s third-party relationships. From Monroe Capital’s formation in 2004 through September 30, 2020, Monroe Capital’s investment professionals have invested in over 1,375 loans and related investments in an aggregate amount of $19.2 billion, including over $6.0 billion in 234 software, technology-enabled and business services companies. The senior investment team of Monroe Capital averages more than 30 years of experience and has developed a proven investment and portfolio management process through multiple market cycles. In addition, Monroe Capital’s investment professionals are supported by a robust infrastructure of administrative and back-office personnel focused on compliance, operations, finance, treasury, legal, accounting and reporting, marketing, information technology and office management. We will benefit from the expertise and resources of Monroe Capital through our sponsor’s manager.

 

Previously, Monroe Capital co-founded and co-sponsored Thunder Bridge Acquisition, Ltd. (Nasdaq: TBRG) and Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), special purpose acquisition companies (“SPAC”) that raised gross proceeds of $258,000,000 and $345,000,000 in their respective initial public offerings in 2018 and 2019 (reflecting the underwriters’ exercise of their over-allotment options in full). In July 2019, Thunder Bridge Acquisition, Ltd. announced it completed its business combination with Repay Holdings, LLC, a provider of vertically-integrated payment solutions, together with its parent, Hawk Parent Holdings, LLC (together, “Repay,” Nasdaq: RPAY). In December 2020, Thunder Bridge Acquisition II, Ltd. announced it entered into a definitive agreement for a business combination with Ay Dee Kay, LLC d/b/a indie Semiconductor (“indie Semiconductor”), a pure-play provider of next-generation semiconductor and software solutions for the rapidly growing Autotech market, enabling ADAS/Autonomous, Connectivity, User Experience and Vehicle Electrification applications. The consummation of this business combination is subject to customary conditions and is expected to close during the first quarter of 2021. In its role as co-sponsor of Thunder Bridge Acquisition, Ltd., and Thunder Bridge Acquisition II, Ltd., Monroe Capital reviewed transactions within the technology sector for both SPAC vehicles, and played a meaningful role in sourcing and executing both transactions. Monroe Capital, in addition to co-sponsoring the SPAC vehicles, invested and deployed additional capital from Monroe Capital affiliated entities in connection with Thunder Bridge Acquisition Ltd.’s business combination with Repay and has committed to invest and deploy additional capital from Monroe Capital affiliated entities in connection with the business combination of Thunder Bridge Acquisition II and indie Semiconductor.

 

Through our affiliation with our sponsor and our industry advisors, we will seek to acquire established businesses that we believe are fundamentally sound but potentially in need of financial, operational, strategic, or managerial transformation to maximize value for stockholders. We intend to focus on companies which we believe offer an opportunity for stockholder value creation through the combination of  (i) an attractive valuation entry point, (ii) a clear plan to unlock incremental value through operational and/or strategic improvements, and (iii) a clear path to bring the target company to the public market and implement best-in-class public company governance. We will seek to partner with the owners of companies to offer them an option to create partial liquidity, transition their legacy to a public company and/or resolve any fragmented ownership or succession planning issues, all while maintaining a singular focus on driving the target business to a higher level of performance and value. We may also look at earlier stage companies that exhibit the potential to change the industries in which they participate, and which offer the potential of sustained high levels of revenue growth.

 

 

2

 

 

While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus on software, technology-enabled and business services companies and other companies that align with the background of our sponsor and management team. We believe that there are many potential business combination targets within these industries that could become attractive public companies. Furthermore, we believe that we are well-positioned to drive ongoing value creation post-business combination, based on the operational and investment experience and track record of our team within our targeted sectors over time. We believe our team is well-suited to identify and execute on opportunities that have the potential to generate attractive risk-adjusted returns for our stockholders.

 

 

 

www.sec.gov/Archives/edgar/data/1838672/000110465921009733/tm2039551d2_s-1.htm

https://www.sec.gov/Archives/edgar/data/1838672/000110465921009733/tm2039551d2_s-1.htm