Chinh Chu happens to be
considered to be the Founder as well as the Senior Managing Directors of CC
Capital. He has confirmed that there is no upper limit of size of a SPAC deals.
He himself had made several lucrative SPAC deals over the years. According to
his opinion, a SPAC deal is a tailor made solution for a company. Hence, the
objectives are to be followed in a flexible manner. There are several Fortune
500 companies that are putting effort to exit with SPAC deals.
SPAC deals
If a company is
looking forward to raise fund without any kind of IPO, then resorting to
utilize SPAC deals will really be beneficial for that company. According to Mr Chinh Chu, such deals
can be considered as the limitless ticket for riding an organization in the
best way possible. SPAC deals have been there for many years now. But it has
recently become very popular and useful for investors, financial backers and
companies.
In the year
2019, SPAC deals have raised record amount. As of August, 2020, there have been
50 SPAC deals that have collectively raised an amount of $21.5 billion in the
USA. This is why so many people thought that 2020 was the year of SPAC. But it
is sure that 2021 is also going to go great in this regard for all the right
reasons. A question may pop up in the minds of some people that whether some
company is too big to get associated with SPAC. According to Mr. Chu, there is
no ceiling for SPAC deals. It is really
to benefit all types of company and organization in the best way possible.
More on Chinh
Apart from Chinh Chu CC Capital, there have
been other companies and organizations where he has played different roles over
the years. Moreover, he has contributed in creating 3 SPAC deals since 2016.
All of these deals have been benefitted and useful to say the least. From
playing different roles at different positions of companies and organization,
Chinh has made quite a fortune over the years. His net worth is likely to be
estimated at around $1.1 billion.
Chinh is also
known to be a renown philanthropist that has done so many things for the poor
people. He always had a vision of financial stability for company as well as
individuals. He has been relentlessly working for many years now. His
contribution is really considered to be amazing in the field of finance.
Among his 3
SPAC companies, CE Corp has managed to raise around $1.2 billion successfully.
This amount was used to buy the company Fidelity & Guaranty Life. He became
the Co-Executive Chairman of this company. On the other hand, in his second
SPAC deal, Collier Creek Holdings managed to raise a whopping $475 million in
order to ensure a healthy relationship with their customers. Therefore, it can
be easily said that all of the SPAC deals have been beneficial and profitable
in many ways and means from financial viewpoint.
0 comments: