Inflection Point Acquisition Corp.
We intend to focus our search initially on North American and European businesses in the consumer and technology sectors, which complements the expertise of our management team. (Incorporated in the Cayman Islands)
Our company will combine the abilities of a diverse and founder-friendly management team and board of directors. We have assembled a team of retail and technology industry veterans, experienced bankers, investors with deep roots in our target markets in both public and private markets, and representatives of a financial sponsor with decades of experience sourcing, researching, and investing in complex corporate transactions that create value for shareholders.
Paula Sutter, our executive chairwoman since February 2021, began her career over 25 years go at the Donna Karan Company, serving in a variety of roles. She currently serves on the board of ThredUp Inc. (“ThredUp”), a high-growth re-commerce platform backed by Goldman Sachs and Park West. Ms. Sutter served as global president of Diane von Furstenberg (“DvF”) from 1999 to 2013. She joined DvF with the task of relaunching and rebuilding the brand. Ms. Sutter led DvF’s transformative growth and developed a vast range of accessories and home furnishings, spearheading the company’s evolution into a true lifestyle omnichannel brand. During her tenure, she built the business from its commercial launch to an iconic international brand, expanding its global footprint of freestanding DvF stores, launching DvF.com as well as establishing a substantial presence in department stores worldwide.
Our financial sponsor is an affiliate of Kingstown Capital Management, LP, an investment firm with AUM from some of the world’s largest endowments and foundations and over 15 years of operating history. Kingstown has invested across private and public markets and has a specific focus on the consumer space including investments in such companies as eBay, Tencent Music, Sirius, Pinterest, Alibaba, REA Group, and WIX.com. Kingstown has invested in SPACs for well over a decade including new issues, post-merger SPACs, and PIPEs.
(Note: Inflection Point Acquisition Corp. priced its SPAC IPO in line on Sept. 21, 2021, in line with the terms in its prospectus: 30 million units at $10 each to raise $300 million.)
|Address||34 East 51st Street, 5th Floor New York, New York 10022|
|Phone Number||(212) 319-1309|
|View Prospectus:||Inflection Point Acquisition Corp.|
|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:||9/22/2021|
|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|