NEW YORK CITY—AR Capital has formed a new entity, AR Capital Acquisition Corp., a self-proclaimed “blank check company formed for the purposes of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.” The new firm has introduced an initial public offering of 30,000,000 units at $10.00 per unit.
Citigroup is acting as the sole book runner for the proposed offering. Ladenburg Thalmann, a subsidiary of Ladenburg Thalmann Financial Services Inc., is acting as co-manager for the proposed offering.
AR Capital Acquisition's efforts in identifying a prospective target business will be focused on—but not limited to—the asset management sector. The company's parent firm, an investment management concern, was co-founded in 2007 by Nicholas Schorsch and William Kahane.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.