SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit
Merger-less Monday was a bit of a surprise today, but given SPACs with announced deals took a hit, that s probably a good thing. Look for activity to pick up as the week progresses though.
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Apr 12, 2021
Even given the otherwise sideways day in the markets (S&P up, DJIA down, Nasdaq 100 down), some investors will be a bit disappointed in the SPAC activity. No deals were announced, SPAC IPOs stayed on the sidelines, and we saw only two prospective new SPACs file S-1s.
Those invested in SPACs with announced deals took a hit today though. The majority of units and common shares were down, with some down significantly (e.g. PSAC / Faraday; see full list below). Investors will need to be careful about deciding when to get in and out of SPACs once the deal is announced. While there have been some good post-deal pops on great execution (e.g. DMYD and MUDS w/ its NFT play announced today),
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Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) portfolio company Janus International Group, LLC (“Janus” or the “Company”), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other industrial sectors, announced today that Christine DeBord has been named President of Nokē
® Smart Entry (“NSE” or “Nokē”) and Terry Bagley has been named President of Industry & Partner Relationships for Janus. Both Ms. DeBord and Mr. Bagley will report to Morgan Hodges, Executive Vice President of Janus. The appointments mark Janus’s efforts to continue driving organic growth by supporting its access control technology business as the Company continues down the path toward entering the public markets, expected in the second quarter of 2021.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Juniper Industrial Holdings, Inc. Merger
February 11, 2021 20:00 ET | Source: Rigrodsky Law, P.A Rigrodsky Law, P.A Wilmington, Delaware, UNITED STATES
WILMINGTON, Del., Feb. 11, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating Juniper Industrial Holdings, Inc. (“Juniper”) (NYSE: JIH) regarding possible breaches of fiduciary duties and other violations of law related to Juniper’s agreement to merge with Janus Midco, LLC.
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-juniper-industrial-holdings-inc.
You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com.
Clearlake Portfolio Company Janus International Acquires G&M Stor-More
on January 20 2021 8:15 AM
Acquisition enables Steel Storage Australia, a Janus Company, to enhance its self-storage design and construction solutions offering to the Australasian market
TEMPLE, Ga. (BUSINESS WIRE) Clearlake Capital Group, L.P. (“Clearlake”) portfolio company Janus International Group, LLC (“Janus” or the “Company”), the leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other industrial sectors, announced today that Steel Storage Australia, a wholly owned subsidiary of Janus, has acquired G&M Stor-More Pty Ltd (“G&M Stor-More”), a premier provider of self-storage design and construction solutions serving the Australasian market.