The Special Purpose Acquisition Company, or SPAC, is becoming a powerful financial product in providing growth capital for both new and established businesses.

Though SPACs have been around for decades, over the past three years they have gained new momentum. Since 2016 more than $20 billion has been raised by Sponsors including private equity firms and experienced management teams.

Harry Sloan and Jeff Sagansky, with proven track records of success, ventured into the SPAC market in 2011. SPAC issuance had been negligible after the financial crisis, but the Eagle team had the foresight to see that the SPAC would, in time, evolve into a capital market strategy and a viable alternative to an Initial Public Offering.

Over the past 9 years, Sloan and Sagansky have been in the forefront of showcasing and creating renewed interest in the SPAC product. Through their experience and knowledge, serving as CEO/Chairman/Founder and directors of public companies over the last few decades, the investor duo has created a team dedicated to the SPAC product, and has demonstrated the multiple benefits of a public market vehicle. In addition to having key global business relationships, they have become adept in finding promising companies, and de-risking the transaction.

More importantly, Sloan and Sagansky take a hands-on approach to the de-SPACing process, effectively and successfully navigating mergers to closing.

Eagle Investment Partners has concluded multiple SPAC transactions and its team provides a wealth of experience in identifying companies, structuring transactions, creating analyst interest and executing on SEC filing requirements and Nasdaq listings.

Eagle SPAC deals include those in the Media, Aviation and Industrial sectors.

Sagansky, co-founded, together with Sloan, Global Eagle Acquisition, which completed its business combination with Row 44 and AIA, two leaders in in-flight connectivity and content, in January 2013. Today, the company operates under the banner of Global Eagle Entertainment (GEE) and is a Nasdaq-listed worldwide provider of media content, connectivity systems and operational data solutions to the airline and cruise industry. During its first year of operation in 2013, GEE posted revenues and EBITDA of $260 million and $12.1 million. In 2017 the company’s revenue had grown to $619 million, while EBITDA was $68 million.

In the Industrial space, Sloan and Sagansky’s merger target was William Scotsman, the U.S. leader in modular space leasing. Providing temporary space to construction sites, schools, hospitals and retail, the investment thesis was that Ready to Work solutions and data analytics could drive margins and provide a differentiated product offering for customers.

Under this business combination, the SPAC-led vehicle Double Eagle Acquisition Corp. changed its name to Willscot Corp. and serves as the new holding company for Williams Scotsman, which became an independent Baltimore-based company with a publicly traded stock. In the process, the company was recapitalized for a total pre-money enterprise value of US $1 billion, providing ample liquidity for strategic and growth initiatives. Most recently, Willscot Corp. acquired ModSpace Holdings and Acton Mobile, solidifying its U.S. market leadership position, leveraging its operating platform and accelerating growth.

Eagle Investment Partners also keeps a close eye on emerging markets, like India. Through the SPAC process, Videocon d2h, the fastest growing pay TV operator in India, filed an IPO on Nasdaq and became the most valued Indian company on Nasdaq with a market cap of $1.15 billion in April of 2015 with the backing of Silver Eagle Acquisition Corp. It became the first Indian private company since the year 2000 to list overseas and was the largest Indian IPO in the US since 2007.