The SPAC renaissance

Rotation capital’s Matthew Rothfleisch tells Alt Credit Intelligence how the credit manager’s experience in LBOs puts them in the right place to benefit from a new wave of SPAC issuances

As soom as the term SPAC – special purpose acquisition company – appears in conversations with investors, thoughts of poorly conceived structures from a decade ago may come to mind. Prior to the financial crisis, the ecosystem for SPACs – investment vehicles raised through an IPO to acquire an operating