Calcalist SPAC Online Conference 2021

The supply of new SPACs is booming, acquisition activity is heating up. There have already been 129 new SPACs created in the first six weeks of 2021. In Israel, numerous technology start-ups are considering becoming public via SPAC IPOs. What are these SPACs? Why are they so exciting? Is this just a trend or is this here to stay?

Meet the UBS speakers

A joint interview about SPACs from various angles

Carlos Alvarez

Managing Director, Head of Specialty Finance and Head of Permanent Capital at UBS 

Carlos Alvarez is a Managing Director in UBS’ Financial Institutions Group, based in New York, where he leads the Specialty Finance and Permanent Capital solutions franchise. Prior to joining UBS in 2018, Carlos had a 20-year career at Deutsche Bank, where he was most recently Head of Permanent Capital and oversaw the SPAC banking team. Over his career, Carlos has advised clients across numerous products including M&A, ECM, DCM and de-novo fundraises. At UBS, Carlos leads an experienced team dedicated to providing investment banking services to SPAC clients, and has personally advised on 25+ SPAC IPOs and business combination transactions dating back to 2005. Carlos has an MBA from Columbia Business School, a BS in International Business from Northeastern, and a BS in International Business Studies from Universidad Pontificia Comillas (Spain).

Paul J. Zepf

Chairman and CEO of Global Partner Acquisition Corp II & Chairman of Purple Innovation Inc.

Paul J. Zepf is currently Chairman and CEO of Global Partner Acquisition Corp II, a $300 million APEX SPAC™, which is the successor to Global Partner Acquisition Corp I. Mr. Zepf is also the Chairman of Purple Innovation Inc. (NASDAQ: PRPL). Previously, he was a Managing Director at Golub Capital and Managing Partner at several Lazard affiliated private equity funds. Mr. Zepf started his career in the merchant banking group at Morgan Stanley. He has been a board member at numerous private and publicly listed companies in the U.S. Mr. Zepf has a B.A. in Economics from the University of Notre Dame, where graduated summa cum laude and Phi Beta Kappa.

Media

English

CTech – March 2, 2021: “The surge in SPACs can be attributed to the high quality of sponsors in the scene”, says UBS executive

Hebrew

Calcalist – March 2, 2021 - “The quality of SPAC sponsors has increased dramatically.” Says UBS executive

Notice:

For Private Investors

Given the rising risks in the SPAC market, we recommend that only well-informed investors should consider investing in them, with the IPO being the optimal time. Otherwise, investors should be cautious about buying shares before the merger target is announced and can be evaluated.

For Companies

Regular IPOs and SPAC IPOs are two different routes to become publicly traded. Each has its pros and cons. Our Israel Investment Banking team will be happy to assist you.

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