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Monroe Capital Sponsors Third SPAC – MCAP Acquisition Corporation - News


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Monroe Capital Sponsors Third SPAC – MCAP Acquisition Corporation
March 01, 2021, 08:10 AM
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Monroe Capital has sponsored MCAP Acquisition Corporation, a special purpose acquisition company (“SPAC”). This is the third SPAC Monroe has participated as a sponsor investor. In 2018, Monroe co-sponsored Thunder Bridge Acquisition, Ltd. and supported its successful business combination with Repay Holdings Corporation.  In 2019, Monroe co-sponsored Thunder Bridge Acquisition, Ltd. II, which has entered into a definitive merger agreement with indie Semiconductor.
MCAP may pursue an initial business combination target in any business, industry or sector, but it intends to capitalize on the differentiated ability of the Sponsor’s manager to source, acquire and manage software, technology-enabled, and busin ....

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Sponsored briefing: Flexible and stable: The growing appeal of offshore SPACs


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Pandemic slowed deal-making in Minnesota last year


Pandemic slowed deal-making in Minnesota last year
The state logged two public offerings in 2020. 
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Ryan Miest, a veteran mergers-and-acquisition lawyer in Minneapolis, saw a hot year for buying and selling companies cool in a hurry in 2020.
The change happened in February, even before workers abandoned offices, and came after a record year for transactions in 2019, said Miest, co-chairman of the M&A practice at Fredrikson & Byron.
The daily news of COVID was getting worse, Miest recalled last week. We were seeing the vast majority of our deals terminated or put on the shelf. An anxious time for sellers. ....

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