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Houlihan Lokey, Saddle Point seek $250 million for SPAC


By Reuters Staff
2 Min Read
BOSTON (Reuters) - Investment bank Houlihan Lokey and investment firm Saddle Point Management plan to raise $250 million through a blank-check acquisition vehicle, according to a regulatory filing on Monday.
Houlihan joins Lazard, Moelis and Evercore in offering private companies a way to go public by merging with a special purpose acquisition company, an alternative to the traditional initial public offering process offered by bulge bracket banks.
Saddle Point is run by Roy Katzovicz who worked for William Ackman’s Pershing Square Capital Management before launching his own fund, Maxima Fund I, in 2019. In March medical waste company Stericycle settled with Saddle Point for two board seats. ....

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