The four "SPAC" acquisitions – Navigation Capital Acquisition VI, VII, VIII and IX – include companies in financial technology, telecommunications, and manufacturing services. Navigation Capital Acquisition IX would be led by Vicki Palmer as CEO. The company's chairman will be David Panton, managing partner at Navigation Capital and chairman of Panton Equity Partners LLC, a private family office he founded in June 2012.
Navigation Capital Partners announced intentions to create four new blank-check companies. This move reveals the unabated enthusiasm for the SPAC market. The proposal would seek $150 million for each special purpose acquisition company, VI through IX, and would seat Lonnie Johnson, the inventor of the “Super Soaker” water gun, as CEO of one and place Super Bowl champion, Jerome Bettis, on the board of another.
Atlanta private equity firm, Navigation Capital Partners, revealed plans to finance three new special purpose acquisition companies, signaling a significant expansion of its SPAC Operations.
The future of taking a company public could lie in an investment vehicle that has rapidly gained popularity in 2020. Special purpose acquisition companies, or SPACs, also known as “blank check companies,” are having a record-breaking year. Atlanta’s Navigation Capital Partners, a middle market private equity firm, launched a SPAC Operations Group in 2019...