2020 has been a banner year for Special Purpose Acquisition Companies (SPACs), with a record number of companies going public through this method. SPACs have recently surged in popularity as an alternative to traditional acquisition vehicles. Their ability to raise capital through the public equity markets makes them a force to reckon with.
Our curated SPAC Panel event will uncover this new phenomenon, its popularity, and what all this means to the future of IPO.
Panel Discussion Topic: SPACs as an Exit Strategy for Tech Companies
After the panel discussion, we will have pitches from some high-growth, venture-backed companies.
2:00 PM - 3:30 PM EDT
Mr. Schiano is a Senior Executive with The Gores Group. Mr. Schiano supports The Gores Group by sourcing investment opportunities, and providing strategic, operational, and financial guidance with respect to portfolio company investments. The Gores Group is a pioneer in the SPAC sector and has completed five transactions since 2016 with a total Enterprise Value in excess of $25 billion. He is an accomplished dealmaker, having led many successful transactions in a variety of industries.
Mr. Schiano is also the President and Co-Founding Partner of Evergreen Capital Partners LLC. Evergreen has previously been engaged by TowerBrook Capital partners where Mr. Schiano was a member of the Management Advisory Board and by DLJ Merchant Banking Partners, the Private equity arm of Credit Suisse where he held the position of Vice Chairman – Global Industrial Partners.
Mr. Schiano has served on numerous local government, private company, joint venture and public company boards including STR Holdings Inc. (NYSE:STRI) where he served on the Audit and Special Transaction Committees and Material Sciences Corporation (NASDAQ:MASC) where he served on the Audit, Compensation and Governance Committees and led the Special Committee responsible for successful sale of the Company in 2013. He is a currently a director of US Farathane Holdings, LLL Transport Co., Franzese Fine Foods, and Chairman of the Board of TurbineAero Inc. He is also a member of the Advisory Board of Great Range Capital.
Before helping great companies go public via LightJump Capital’s SPACs, William W. Bunker co-founded the largest dating site of the 1990s, which became Match.com and was ultimately sold for $47.5 million to Ticketmaster in 1999. He served as President of the rebranded site Match.com during the transition. After Match.com, he became a co-founder of Critical Watch, an enterprise security company that was sold to Alert Logic in 2015. Mr. Bunker co-founded two seed-stage VC funds, Silicon Valley Growth Syndicate in 2013, which he managed actively until 2016, and GrowthX, which he has operated since 2016. He has invested in over 150 startups.