CC Neuberger Principal Holdings II is a special purpose acquisition company (SPAC) incorporated in Delaware with the purpose of effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more businesses. The company seeks to capitalize on the extensive investment and operational expertise of its sponsors and advisory team to identify and complete a value-enhancing business combination in industries such as technology, healthcare, consumer products, financial services and sustainability. By structuring its acquisition vehicle with a blank check format, CC Neuberger Principal Holdings II aims to provide public investors with an opportunity to invest alongside experienced private market investors in a range of growth-oriented businesses.
Formed in early 2021, CC Neuberger Principal Holdings II completed its initial public offering at a price of $10.00 per unit, generating gross proceeds intended to be held in a trust account until deployment in a qualifying business combination. The company’s underwriting syndicate and sponsor group leveraged deep capital markets relationships to raise capital from institutional and retail investors across the United States. Since its IPO, the company has engaged in proactive diligence and deal sourcing, screening mid-market targets with enterprise values generally ranging from $200 million to $600 million. As a blank check issuer, CC Neuberger Principal Holdings II maintains a disciplined approach to transaction structuring with a focus on clear alignment of interests between management, sponsors and public shareholders.
CC Neuberger Principal Holdings II serves the broader North American market and may also consider opportunities in select global jurisdictions where its advisory team has existing relationships and sector expertise. The company’s geographic reach and sector-agnostic mandate allow for flexibility in pursuing targets that exhibit compelling growth prospects, strong management teams and defensible market positions. Through its investment horizon, CC Neuberger Principal Holdings II intends to work closely with acquired businesses to drive strategic initiatives, bolster operational capabilities and facilitate potential future public market listings or strategic sales.
The leadership of CC Neuberger Principal Holdings II comprises seasoned investment professionals drawn from Cantor Fitzgerald’s capital markets platform and Neuberger Berman’s private equity and principal investments arm. With decades of combined experience in deal sourcing, due diligence, portfolio company oversight and capital raising, the team brings a proven track record of executing successful transactions across economic cycles. Supported by dedicated legal, finance and operations personnel, the company is positioned to execute a timely and opportunistic business combination that seeks to deliver attractive risk-adjusted returns to its public shareholders.
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