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(Bloomberg) Former Brigade Capital Management partner Carney Hawks is planning to raise money for a blank-check firm that will target distressed companies, according to people with knowledge of the matter.
Hawks will be chief executive officer and chairman of the special purpose acquisition company, which is seeking to raise $150 million and $200 million to invest in troubled companies, said the people, who asked not to be identified because the plans are private.
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Ex-Brigade Partner Hawks Is Said to Plan Distressed-Focused SPAC Back to video
The SPAC will target businesses that are emerging from or going through reorganizations or are otherwise disrupted by the pandemic, the people said. Targets may also include heavily-indebted companies that could cut obligations by merging. ....

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