Osiris Acquisition Corp.
Our management team and the investment professionals at Fortinbras have extensive experience in balance sheet restructurings, rescue financings, corporate carve-outs, liability management, and operational turnarounds. We believe this experience to be a substantial competitive advantage in the current economic environment relative to other blank check companies and sources of capital. The recent novel coronavirus (“COVID-19”) has had an unprecedented impact on Consumer, Retail and Leisure companies, including companies with high levels of brand equity, above average returns on invested capital and healthy growth rates. Many of these companies are leveraged due to private equity ownership or M&A transactions underwritten with significant amounts of unrealized synergies. Without the ability to access the liquidity of the public equity markets and unlock the value that their brand recognition can command, we believe these companies will require right-sizing their capital structures through reorganizations or incremental equity capital from their private ownership to support working capital, liquidity, and business investment.
Our sponsor was formed through an investment by an investment vehicle managed by Fortinbras Enterprises LP, an affiliate of our sponsor (“Fortinbras”). Fortinbras is an investment firm founded in 2020 to focus on special situations investments in opportunistic credit, capital structure solutions, and tailored equity in Technology, Media & Telecom (“TMT”), Leisure & Hospitality, Consumer Services, and Business Services. As of Jan. 31, 2021, Fortinbras had approximately $150 million of assets under management (including committed capital). Our management team is led by Benjamin Black, our CEO and Director. Mr. Black is also the Managing Partner of Fortinbras. Benjamin Fader-Rattner, our president and a member of our board of directors, has over 15 years of investing experience focused on leveraged capital structures across multiple industries, including retail and consumer companies.
(Note: Osiris Acquisition Corp. downsized its SPAC IPO at pricing on May 13, 2021, to 23 million units, down from 25 million, at $10 each to raise $230 million.)
|Address||95 5th Avenue, 6th Floor New York, NY 10003|
|Phone Number||(914) 330-3850|
|View Prospectus:||Osiris Acquisition Corp.|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$230.0 mil|
|Manager / Joint Managers||Jefferies|
|CO-Managers||B. Riley Securities|
|Expected To Trade:||5/14/2021|
|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|