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Advantage Solutions (Conyers Park II Acquisition) Priced, Nasdaq: ADV

Second blank check company led by consumer industry veterans from Centerview Capital (completed 10/28/2020).

Industry: SPAC

First Day Return: +2.3%

Industry: SPAC

We are a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We have not identified any potential business combination target and neither we nor anyone on our behalf has initiated any substantive discussions with any potential business combination target. While we may pursue an acquisition opportunity in any industry or sector, we intend to focus on the consumer sector and consumer-related businesses, which complements our management team’s expertise and which will benefit from our operational value add. Not only does our management team bring a combination of operating, investing, financial and transaction experience, but also has worked closely together in the past at multiple consumer companies, creating value for shareholders. Our management team is led by Executive Chairman James Kilts and CEO David West, who have collectively created approximately $50 billion in shareholder value throughout their combined 75+ year careers in the consumer industry. Our management team, including James Kilts, David West, and CFO Brian Ratzan, are partners at Centerview Capital, an affiliate of our sponsor. Our team has prior experience in raising a blank check company substantially similar to our own company and executing a successful business combination. Conyers Park Acquisition completed its initial public offering in July 2016, generating aggregate proceeds of $402.5 million, which it used to complete a business combination with Atkins Nutritionals in July 2017 and to form Simply Good Foods.
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IPO Data
IPO File Date 06/28/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 40.0
Deal Size ($mm) $400
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/17/2019
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $400
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Greenwich, CT, United States
Founded 2019
Employees at IPO 2
Website www.centerviewcapital.com

Advantage Solutions (Conyers Park II Acquisition) (ADV) Performance