Bleichroeder Acquisition Corp. I
General Information | |
Business: | We are a newly incorporated blank check company that will focus on TMT businesses. (Incorporated in the Cayman Islands)We intend to focus our efforts on businesses in the technology, media and telecommunications (“TMT”) sector as well as sectors that are being transformed via technology adoption, where we believe our management team’s operational and investment expertise will provide us with a competitive advantage.We intend to leverage the experience of our co-founders, Michel Combes, a member of our sponsor, and Andrew Gundlach, our chairman, president and CEO. Our co-founders have both extensive operational and investment experience, serving as chief executive officers and directors of global public companies and as investors in public and private markets. Furthermore, our Co-Founders have built an extensive network spanning leading private equity and venture capital funds, large corporates and family-owned businesses that we believe will accrue to the benefit of our investors.One of our co-founders, Michel Combes, has a long history of investment and operational expertise. Mr. Combes is the former CEO and CFO of several major technology and telecommunications companies. Mr. Combes most recently served as the CEO of SoftBank Group International until departing in 2022. He also served as the CEO and CFO of Sprint Corp. (“Sprint”; formerly NYSE: S) leading up to Sprint’s acquisition by T-Mobile (NASDAQ: TMUS). Additionally, Mr. Combes has also been CEO of Altice N.V. (“Altice”), CEO of Alcatel-Lucent (formerly NYSE: ALU), Vodafone Europe and TéléDiffusion de France (TDF) and CFO of France Telecom.Our co-founder, Andrew Gundlach, is the president and co-CEO of Bleichroeder LP (“Bleichroeder”), a registered investment advisor focused on ultra-high-net-worth families. Bleichroeder is the successor to Arnhold and S. Bleichroeder Holdings, Inc., which was renamed First Eagle Holdings in 2015 after private equity funds managed by The Blackstone Group and Corsair Capital acquired a controlling stake in the company, a transaction Mr. Gundlach co-architected. Mr. Gundlach joined Arnhold and S. Bleichroeder Holdings, Inc. as a director in 2003 and continues to serve on the board of First Eagle Holdings, a respected asset manager in the public equity and private credit markets with over $130 billion in assets under management. Since 2015, he has also headed Goldiron LP (“Goldiron”), a registered investment advisor focused on ultra-high-net-worth investors.Before joining the firm, Mr. Gundlach was a founding partner of Artemis Advisors, a hedge fund backed with a strategic investment from XL Capital of Bermuda, an insurance company. He began his career in the Investment Banking and M&A departments of Morgan Stanley and JPMorgan. Mr. Gundlach is a member of the Council on Foreign Relations, where he has served on the Investment Committee, and is an adjunct professor at Columbia Business School’s Heilbrunn Center for Graham & Dodd Investing, where he teaches courses on investing, and currently serves on the school’s board. In addition, Mr. Gundlach currently serves on the Advisory Board at People.ai, a privately held AI company, and Welltower (NYSE: WELL), a publicly traded health care infrastructure REIT.(Note: Bleichroeder Acquisition Corp. I priced its SPAC IPO in sync with the terms in its prospectus – 25.0 million units at $10.00 each to raise $250 million – on Thursday night, Oct. 31, 2024. Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of a Class A ordinary share upon the consummation of an initial business combination.)(Note: Bleichroeder Acquisition Corp. I disclosed in an S-1/A filing dated Oct. 7, 2024, that Cohen & Company Capital Markets is the new lead joint book-running manager and Seaport Global is the joint book-running manager, replacing Santander, which was the sole book-runner under the original IPO filing.)(Note: Bleichroeder Acquisition Corp. I changed the composition of its unit to one Class A ordinary share and one right to receive one-tenth (1/10) of a Class A ordinary share upon the consummation of an initial business combination, according to its S-1/A filing dated Oct. 7, 2024. The unit’s new composition marked a change from the SPAC IPO’s original terms, which said each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant.)(Note: Bleichroeder Acquisition Corp. I filed its S-1 on Aug. 21, 2024, and disclosed the terms for its SPAC IPO: 25.0 million units at $10.00 each to raise $250.0 million. Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant.) |
Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2024 |
Contact Information | |
Address | 1345 Avenue of the Americas, Fl 47 New York, NY 10105 212-984-3835 |
Phone Number | (212)-984-3835 |
Web Address | |
View Prospectus: | Bleichroeder Acquisition Corp. I |
Financial Information | |
Market Cap | $312.5mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | BACQU |
Exchange | NASDAQ |
Shares (millions): | 25.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $250.0 mil |
Manager / Joint Managers | Cohen & Company Capital Markets/ Seaport Global Securities |
CO-Managers | |
Expected To Trade: | 11/1/2024 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |