Ultimate magazine theme for WordPress.

Investor Mark Ein looks to raise $600 million through two more SPACs


© Reuters.

(Reuters) – Two blank-check firms formed by investor Mark Ein are aiming to raise about $600 million in their initial public offerings (IPO), regulatory filings showed on Monday.

Capitol Investment Corp VI, the sixth special purpose acquisition company (SPAC) backed by Ein, said it would sell 20 million units, comprising shares and warrants, priced at $10 apiece in its IPO. (https://

The seventh blank-check firm, Capitol Investment Corp VII, said it would sell 40 million shares at the same price. (https://

Ein worked at Carlyle Group (NASDAQ:), Brentwood Associates and Goldman Sachs Group Inc (NYSE:) before setting out on his own as an investor.

His prior SPACs have invested in a range of firms including real estate investment trust Two Harbors (NYSE:), specialty cruise operator Lindblad Expeditions and PR Newswire owner Cision and NESCO, a provider of specialty rental equipment.

A SPAC, a shell company that raises money in an IPO before later merging with a privately held company to take the latter public, has become many investors’ structure of choice over the past year.

Citigroup (NYSE:) and Deutsche Bank (DE:) Securities are underwriters on the lastest offerings.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Read More: Investor Mark Ein looks to raise $600 million through two more SPACs