Collier Creek Holdings, a blank check company led by Pinnacle Foods Chairman Roger Deromedi, raised $400 million by offering 40 million units at $10. It originally planned to raise $350 million. Each unit consists of one share of common stock and one third of one warrant to purchase one share of common stock at $11.50. At $10, Collier Creek commands a market value of $496 million.
Roger Deromedi, Co-Executive Chairman, has served as Independent Chairman of Pinnacle foods since 2016 after serving as Executive Chairman since 2007. Jason Giordano, Co-Executive Chairman, was a Managing Director in the private equity group at Blackstone from 2006 to 2017.
Collier Creek plans to list on the NYSE under the symbol CCH.U. Citi, Credit Suisse and BofA Merrill Lynch acted as lead managers on the deal.
