SPACS, CAPS, APOS, PIPES, and AIM – The ABCs of the Newest Financing Techniques

Foley Partners Paul Broude and Edouard LeFevre, both members of the Transactional & Securities Practice, presented on the ABCs of the newest financing techniques on June 21, 2007. This presentation is a part of Fusion, the quarterly Web seminars focused on providing clear-cut answers to the most challenging M&A questions.

Topics included:

• Alternative Public Offerings (APO’s): Discussion of how they fill the gaps left by traditional IPOs


• Special Purpose Acquisition Companies (SPAC’s): Review of the process of how they raise money, identify targets and close deals


• Private Investments in Public Equity (PIPE’s): Review of how a PIPE coupled with a reverse merger provides another APO option


• Collateralized Acquisition Pools (CAP’s): Review of the features of another specialized APO option


• Comparison of London’s Alternative Investment Market (AIM) to Nasdaq
  Highlight of current legal, governance and regulatory issues affecting APO’s

For further information, please contact Cheryl Winkowski at 312.832.5115 or cwinkowski@foley.com.