StoneBridge Acquisition Corp.
We will focus our search on a target with operations or prospective operations in the consumer technology, communications, software, SaaS, fintech or media sectors, which we refer to as the “new economy sectors”. In addition, we are focusing our search for target businesses in the following key verticals: Ecommerce, Fintech, SaaS (Software as a Service), Renewable Energy and Information Technology (IT) and IT Enabled Services. Our geographic focus is Asia Pacific, with a special emphasis on targets in India. (Incorporated in the Cayman Islands)
Bhargava Marepally has served as our CEO and director since our inception. Mr. Marepally, as the CEO and founder of GSS Infotech, comes with over 20 years of experience in the IT Services Industry. GSS made it to the Forbes list of “Asia’s 200 Best Under $1 Billion” in 2009. Mr. Marepally led an acquisition-led growth strategy that included the buyout of ATEC, Infospectrum and System Dynamix. He is a serial entrepreneur with stakes in several services firms across four continents serving several Fortune 500 clients.
Prabhu Antony has served as our president and a director since our inception. Mr. Antony is a co-Founder at Sett & Lucas, a Hong Kong- headquartered financial institution that specializes in cross-border mergers & acquisitions. As an M&A advisor, he has won several awards from the M&A Advisor Forum, the global thought leader in M&A. In 2016 he was awarded Investment Banker of the Year. In 2017 the acquisition of Starpoint by Day & Zimmerman won the M&A deal of the Year ($50 million – $75 million), and Mr. Antony was the deal lead at Sett & Lucas who advised Starpoint. Mr. Antony is also the fund manager at Linus Ventures, a $200 million family office fund (based on AUM as on Dec. 31, 2020) that manages secondary market and pre-IPO investments. He has had several notable investments and eventual exits, which include secondary market pre-IPO investments into Docusign and Palantir exited through IPOs.
We believe that India is entering a new era of economic growth, particularly in the new economy sectors, which we expect will result in attractive initial business combination opportunities for attractive risk-adjusted returns. We intend to focus our efforts on seeking and completing an initial business combination with a company that has an enterprise value of between $600 million and $1.5 billion, although a target entity with a smaller or larger enterprise value may be considered.
According to a report published by the Brookings Institute, we may be in the middle of a tipping point where a majority of the world’s population, for the first time ever, will live in middle-class or rich households. This report also suggests that the vast majority— about 88 percent—of the next billion entrants into the global middle class will be in Asia: 380 million Indians, 350 million Chinese, and 200 million other Asians. This makes India a very lucrative, fast -rowing market for tech-enabled products and services.
(StoneBridge Acquisition priced its SPAC IPO on July 15, 2021, in line with the terms in its prospectus: 20 million units at $10 each to raise $200 million.)
|Address||One World Trade Center Suite 8500 New York, NY 10007|
|Phone Number||(646) 314-3555|
|View Prospectus:||StoneBridge Acquisition Corp.|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$200.0 mil|
|Manager / Joint Managers||Cantor Fitzgerald|
|CO-Managers||Odeon Capital Group|
|Expected To Trade:||7/16/2021|
|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|