Global Partner Acquisition Corp II Overview
Pro stress-test →Global Partner Acquisition Corp II (GPAC) is a special purpose acquisition company (SPAC) focused on identifying and acquiring a target company in the technology, media, and telecommunications (TMT) industries. As a SPAC, GPAC does not have any operations or revenue of its own but exists solely to facilitate the acquisition of a target company.
Strategic Profile
Pro stress-test →GPAC made its initial public offering on February 10, 2021, raising approximately $300 million by offering 30 million units at a price of $10 per unit. GPAC II is the first blank check company to adopt the APEX SPAC™ structure, which more closely aligns interests among SPAC founders, SPAC investors and prospective merger partners to help drive performance and promote growth.
Competitive Landscape
Pro stress-test →GPAC competes in the SPAC market against other acquisition vehicles and traditional private equity sponsors seeking acquisition targets. Its positioning focuses on consumer and TMT sector disruption, with demonstrated ability through prior Purple investment to partner with growth companies and drive value creation.
Industry Context
Global Partner Acquisition Corp II operates in Special Purpose Acquisition Companies (SPACs).
Key facts
Founded: 2020 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: N/A