Cerberus Telecom Acquisition Corp. II
(Note: Cerberus Telecom Acquisition Corp. II withdrew its IPO plans in an SEC filing dated Aug. 5, 2022. This SPAC – the second blank check company backed by Cerberus Capital – had filed to go public on March 15, 2021, with the intent to offer 50 million units at $10 each to raise $500 million. On Dec. 23, 2021, Cerberus II’s SPAC IPO was cut in half – to 25 million units at $10 each to raise $250 million – according to an S-1/A filing. Each unit consisted of one Class A ordinary share and one-third of one redeemable warrant. This IPO was a New York Stock Exchange listing.)
The company intends to target ICT companies that benefit from the transformational, long-term impacts of capital deployment in the 5G stack. (ICT stands for information and communications technology.) Such companies may include network operators (mobile operators, fiber operators, datacenters and tower companies), equipment vendors, device makers, semiconductor providers, IT and cloud services, network optimization, ICT software and applications companies.
Our sponsor is an affiliate of Cerberus Capital Management, L.P., together with its affiliated management and general partner entities, operations companies and loan servicing companies (collectively, “Cerberus”).
Our sponsor was founded by Stephen A. Feinberg and certain senior executives of Cerberus. Stephen A. Feinberg founded Cerberus in 1992 and is currently its co-CEO. Cerberus has become a global leader in alternative investing with approximately $56 billion in assets under management as of Dec. 31, 2020, and expertise in private equity, credit and real estate.
Since inception, Cerberus has successfully invested over $6 billion in ICT. Over the course of its history, Cerberus has developed a group of senior information and communications technology (“ICT”) executives and investors with a proven track record of leading, investing in and growing large, scaled enterprises.
|Address||875 Third Avenue New York, New York 10022|
|Phone Number||(212) 891-2100|
|View Prospectus:||Cerberus Telecom Acquisition Corp. II|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$250.0 mil|
|Manager / Joint Managers||Deutsche Bank Securities/ PJT Partners|
|Expected To Trade:|
|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|