We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
We believe that the market dislocation as a result of the Coronavirus pandemic has created compelling opportunities. While we may acquire a business or company (such terms being used in this section interchangeably) in any industry, our focus will be on fundamentally sound but stressed businesses in the UK and Europe. Even in normal markets, sound businesses can underperform due to underinvestment, over-levered capital structures, excessive cost structures, incomplete management teams, or suboptimal business strategies. We believe that the Coronavirus pandemic will create an unusually large number of attractive and undervalued acquisition opportunities in the UK and Europe, as target businesses suffer from financial indebtedness and a lack of equity funding alternatives.
Businesses of underlying quality will find it challenging to refinance quickly on acceptable or practical terms, with the result that many owners of such businesses or their funders will be looking to sell all or part of those businesses.
|Address||7 Portman Mews, South Marylebone,, London W1H 6AY. United Kingdom|
|Phone Number||+ 44 (0) 207 725 0800|
|View Prospectus:||Broadstone Acquisition|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$300.0 mil|
|Manager / Joint Managers||Citigroup|
|Expected To Trade:||9/11/2020|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|