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Welcome Remarks

David Miller

Global Head of Banking, Capital Markets and Advisory, Credit Suisse

David L. Miller is Global Head of Capital Markets and Advisory within the Investment Banking Division and Head of the Investment Bank for the Americas region, based in New York.

David’s responsibilities for the Capital Markets and Advisory businesses include: Sector, Country and Advisory Coverage, Mergers & Acquisitions, Leveraged and Advisory Finance, Debt and Equity Capital Markets Origination and Syndication. 

David is a member of the Investment Bank Management Committee, the Credit Suisse Holdings (USA) Executive Committee, the Credit Suisse Holdings (USA) Board of Directors, the Corporate Bank Oversight Committee, and serves as Chair of the Credit Suisse Americas Foundation. 

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The SPAC Market Today

Niron Stabinsky

Global Head of SPACs, Credit Suisse

Niron Stabinsky is a Managing Director of Credit Suisse in the Investment Banking and Capital Markets division, based in New York. He is a member of Equity Capital Markets Solutions and leads the bank's Special Purpose Acquisition Companies (SPACs) capital raising and advisory practice.

Niron re-joined Credit Suisse in 2015 after spending 11 years at Deutsche Bank where he held various positions in the firm's Investment Banking department including Head of Diversified Financials, Global Head of Asset Management and Head of the Los Angeles Office. At Deutsche Bank, Niron was the first banker at a large bank to lead a SPAC IPO. Prior to joining Deutsche Bank in 2004, Niron was a senior investment banker in the Los Angeles Office of Credit Suisse First Boston (CSFB) and prior to its acquisition by CSFB of Donaldson, Lufkin and Jenrette.

Niron is a graduate of the University of California, Los Angeles Magna Cum Laude.

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The SPAC IPO

Chinh Chu

Founder and Senior Managing Director, CC Capital Partners 

Mr. Chu is the Founder of CC Capital, a private investment firm which he founded in 2015. Before founding CC Capital, Mr. Chu worked at Blackstone for 25 years and served as Co-Chair of Blackstone’s Private Equity Executive Committee and was a member of Blackstone’s Executive Committee. 

CC Capital has raised 5 SPACs including Collier Creek, CC Neuberger Principal Holdings I, II and III. CC Capital’s SPACs have had business combinations with FGL, Utz, and E2open. In addition to the various SPACs, CC Capital led the $7.1 billion going-private transaction of Dun & Bradstreet in 2019 and the recent purchase of Wilshire in 2021. 

Mr. Chu also previously served as a director of Kronos Incorporated, SunGard Data Systems, Stiefel Laboratories, Freescale Semiconductor, Biomet, Inc., Alliant, Celanese Corporation, Nalco Company, the London International Financial Futures and Options Exchange, Graham Packaging and AlliedBarton Security Services.

Chamath Palihapitiya

Founder and CEO, Social Capital 

Chamath Palihapitiya is Managing Partner of Social Capital, a technology holding company dedicated to advancing humanity by solving the world’s hardest problems. Mr. Palihapitiya serves as Chairman of the Boards of Directors of Virgin Galactic (NYSE: SPCE) and Social Capital Hedosophia Holdings, a partnership whose mission is to create an alternative path to a traditional IPO for disruptive and agile technology companies. Previously, he was a Director of Slack Technologies (NYSE: WORK). Prior to founding Social Capital in 2011, Mr. Palihapitiya served as Vice President of User Growth at Facebook, where he was responsible for overseeing Monetization Products and Facebook Platform, both of which contributed to the growth of Facebook’s user base to more than 750 million individuals worldwide.

Mr. Palihapitiya was a principal at the Mayfield Fund, one of the United States’ oldest venture firms, before which he headed the instant messaging division at AOL. Mr. Palihapitiya graduated from the University of Waterloo, Canada with a degree in electrical engineering. He is an Owner and Director of the NBA’s Golden State Warriors.

 

David Hermer

Global Head of Equity and Debt Capital Markets, Credit Suisse

David A. Hermer is a Managing Director of Credit Suisse in the Investment Banking division, based in New York. He is the Global Head of Equity & Debt Capital Markets. David is a member of the Global Investment Banking Management Committee, as well as the Reputational Risk committee 

Prior to his current role he was the Head of Equity Capital Markets Americas, and prior to that the Head of the Equity Syndicate Group for the Americas. David has also served as Head of the Monetization Services Group, responsible for share repurchases for the bank's corporate clients. David has also served as a member on the Managing Director Evaluation Committee (MDEC) since 2006.  

Deal list includes IPOs, SPACs and SPAC combinations and follow-on offerings for Google, Weight Watchers, AIG, Transdigm, Annaly, Alcon, CapitalSource, Dyncorp, CB Richard Ellis, Celanese, Bunge, Two Harbors, Ecolab, Gartner, Santander Brazil, Santander Chile, Allscripts, Sara Lee, Hunstman, Rockwood, Kraton, KAR Auction, Rackspace, Netsuite, Warner Chilcott, Virgin Galactic, SoFi, Opendoor, Clover.

David joined Credit Suisse in 1994 as an Associate within Equity Capital Markets - Origination. Prior to that, he worked at Lehman Brothers for five years as an Associate in the Investment Banking division.  

David graduated from the University of North Carolina in 1989 with a B.A. in Political Science.

Leslie Picker

Reporter, CNBC

Leslie Picker joined CNBC in February 2017 as a reporter covering hedge funds, private equity and asset management. She is based at CNBC Global Headquarters, and her reporting appears on television and CNBC’s digital platforms.

Picker has interviewed some of the most prominent investors on CNBC, including Citadel’s Ken Griffin, Greenlight Capital’s David Einhorn, Omega Advisors’ Leon Cooperman and Pershing Square’s Bill Ackman. Her investigation into Puerto Rico’s debt crisis won a Society for Advanced Business Editing and Writing (SABEW) award and was a finalist for a Gerald Loeb Award in 2018.

Previously, Picker was a reporter at The New York Times where she covered deals. Her beat encompassed mergers and acquisitions, initial public offerings, venture capital, private equity, restructuring and shareholder activism. Prior to The New York Times, Picker was a reporter at Bloomberg News where she reported on initial public offerings. There, she also contributed to Bloomberg Businessweek, Bloomberg Television and Bloomberg Radio. Prior to becoming a reporter, Picker was a segment producer for Bloomberg Television. She began her career as a booker at Fox Business Network.

Picker graduated magna cum laude from the University of Illinois, Urbana-Champaign, earning a bachelor’s degree in political science. She also earned a master’s in journalism from Columbia University, graduating with honors, and an MBA from New York University’s Stern School of Business, with a concentration in finance.

Stefanie Gallagher

Managing Director, Equity Capital Markets, Credit Suisse

Stefanie Gallagher is a Managing Director of Credit Suisse in the Equities department within the Investment Banking Capital Markets division, based in New York. She is a member of the Equity Syndicate Desk within Equity Capital Markets. 

Stefanie joined Credit Suisse in April 2004 and has been with the firm for over 16 years, with 21 years of investment banking experience.  During her time at Credit Suisse, Stefanie has worked on over 75 SPAC IPOs and over 40 SPAC M&A transactions, executing the majority of all SPAC and De-SPAC transactions on behalf of Credit Suisse. 

Stefanie holds a Bachelor’s degree from Hofstra University.

Anchor: merger

The SPAC Merger

Daniel S. Loeb

CEO, Third Point LLC

Daniel S. Loeb is CEO of Third Point LLC, a New York-based asset management firm founded in 1995. Third Point invests in equity and credit securities in U.S. and international markets. The firm often engages with company management and boards to improve performance and will also take passive stakes in companies with a long-term view of value creation.  

In addition to offering behind-the-scenes advice to numerous companies, Daniel has served on five publicly traded company boards: Ligand Pharmaceuticals; POGO Producing Co.; Massey Energy; Yahoo!; and Sotheby’s, where he helped oversee the successful sale of the company. 

Daniel’s philanthropic activities are driven by principles of individual human rights, including fighting against inequality and discrimination and for policies that lead to greater economic opportunity for all. For over a decade, he has been an advocate for reforming America’s schools to ensure all children have access to high quality education, fixing the country’s broken criminal justice system, and advancing freedom for LGBT individuals. He is a strong supporter of Jewish and Israel causes. Mr. Loeb is a trustee of the Mount Sinai Health System, where he established the Ronald M. Loeb Center for Alzheimer’s disease in memory of his late father. He is a Member of the Council on Foreign Relations and serves on the board of Success Academy Charter Schools, where he also served as board Chairman from 2014-2019.  

Daniel graduated from Columbia University with an A.B. in economics in 1983, endowed the Daniel S. Loeb Scholarship for undergraduate study there, and received the school’s John Jay Award for distinguished professional achievement. In October 2020, he was awarded the Alexander Hamilton Award for his philanthropic service by the Manhattan Institute.     

William P. Foley

Chairman, Fidelity National Financial and Black Night Financial Services 

William P. Foley, II is the founder and director of multiple SPACS, including Foley Trasimene Acquisition Corp., Foley Trasimene Acquisition Corp. II, Austerlitz Acquisition Corp. I, Austerlitz Acquisition Corp. II and Trebia Acquisition Corp. and serves as the Managing Member of Trasimene Capital.   

In addition, he has served as the Chairman of Cannae Holdings since July 2017. Mr. Foley is a founder of Fidelity National Financial (NYSE: FNF), and has served as the Chairman of the board of directors of FNF since 1984. He served as Chief Executive Officer of FNF until May 2007 and as President of FNF until December 1994. Mr. Foley also serves as Chairman of Black Knight, Inc. (NYSE: BKI) since December 2019, and served as the Executive Chairman of Black Knight from January 2014 to December 2019. Mr. Foley also serves as the Chairman of Dun & Bradstreet (NYSE: DNB), which is a Cannae Holdings portfolio company.  Mr. Foley serves as the Executive Chairman and Chief Executive Officer of Black Knight Sports and Entertainment LLC, which is the private company that owns the Vegas Golden Knights, a National Hockey League team. Additionally, Mr. Foley is the founder and Chairman, CEO and President of Foley Family Wines Holdings, Inc., which has grown to become a major producer, marketer and distributor of highly-acclaimed, handmade wines from some of the world’s greatest vineyards.

After receiving his B.S. degree in engineering from the United States Military Academy at West Point, Mr. Foley served in the U.S. Air Force, where he attained the rank of captain. Mr. Foley received an M.B.A. degree from Seattle University and earned a J.D. degree from the University of Washington School of Law.

Niron Stabinsky

Global Head of SPACs, Credit Suisse

Niron Stabinsky is a Managing Director of Credit Suisse in the Investment Banking and Capital Markets division, based in New York. He is a member of Equity Capital Markets Solutions and leads the bank's Special Purpose Acquisition Companies (SPACs) capital raising and advisory practice.

Niron re-joined Credit Suisse in 2015 after spending 11 years at Deutsche Bank where he held various positions in the firm's Investment Banking department including Head of Diversified Financials, Global Head of Asset Management and Head of the Los Angeles Office. At Deutsche Bank, Niron was the first banker at a large bank to lead a SPAC IPO. Prior to joining Deutsche Bank in 2004, Niron was a senior investment banker in the Los Angeles Office of Credit Suisse First Boston (CSFB) and prior to its acquisition by CSFB of Donaldson, Lufkin and Jenrette.

Niron is a graduate of the University of California, Los Angeles Magna Cum Laude.

Dan Nathan

Principal, RiskReversal Advisors and CNBC Fast Money Contributor

Dan is the principal of RiskReversal Advisors, founded in 2016, offers consulting services to investment banks, investment advisors, and private companies. Prior to founding RRA Dan was a proprietary equity & options trader at hedge funds (SAC, Exis, and Cheyne Capital) and within the equity derivatives group of Merrill Lynch.

Between 2009 and 2019 Dan was a weekly panelist on CNBC’s Options Action and has been a regular panelist on CNBC’s Fast Money program since 2011.

Dan is a graduate of the University of Pennsylvania, originally from Syracuse, New York, he lives in New York City with his wife and two daughters.

David Kostel

Global Co-Head of Healthcare, Credit Suisse

Mr. Kostel is a Managing Director of Credit Suisse and Global Co-Head of Healthcare in the Investment Banking Division. He is based in New York and is a member of the Global Operating Committee and Investment Banking Advisory Committee. Mr. Kostel previously served as Head of Healthcare M&A, advising on a variety of M&A assignments in transactions valued at over $400 billion.

Mr. Kostel has 20 years of investment banking experience advising companies such as Bayer, Anthem, Aetna, Express Scripts, Community Health Systems and PPD. He has advised on numerous industry-defining transactions including Bayer's $62 billion offer for Monsanto, Bayer’s $20 billion acquisition of Schering AG, Bayer’s $7.6 billion sale of Animal Health business, Express Scripts $34 billion acquisition of Medco, Anthem’s $5 billion acquisition of Amerigroup and Community Health’s billion acquisition of HMA.

Prior to joining Credit Suisse in 2000, Mr. Kostel worked in Stern Stewart & Co.'s Corporate Financial Advisory Group, focusing on mergers and acquisitions and financial strategy. Mr. Kostel earned graduate degrees in law (JD) and business (MBA), as well as an undergraduate degree in economics (BA), from the University of Virginia.

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ESG and Innovation

John K. Delaney

Chairman and CEO, Revolution Acceleration Acquisition Corp (RAAC)

John Delaney is an entrepreneur, business leader and public servant.  

John is the Chairman and Chief Executive Officer of Revolution Acceleration Acquisition Corp (RAAC), a special purpose acquisition company he launched in partnership with AOL Co-founder, Steve Case and his D.C.-based investment firm, Revolution. RAAC brings together investors to identify and invest in startups that are at the forefront of rapid technological innovation and likely to be shaped by the evolving public policy landscape. 

From 2013-2019, John represented Maryland’s Sixth Congressional District in the U.S. House of Representatives. During his six years in Congress, he earned praise for his bi-partisan approach to economic, trade, foreign, housing and environmental policy. In 2013, he was elected co-president of his freshman class of 85 new members of Congress and in 2019, John stepped down from Congress to pursue an unsuccessful run for the Democratic nomination for President of the United States.

By the age of 40, John had founded and led two New York Stock Exchange listed companies.  In 1993, John founded HealthCare Financial Partners Inc., which provided loans to small to mid-sized healthcare service companies. The company completed its initial public offering in 1996 and was sold in 1999. At the time of its sale, John was the youngest CEO of a NYSE-listed company. In 2000, John founded CapitalSource Inc., which at the time was the most highly capitalized private equity-backed start-up in history. CapitalSource provided loans to a wide range of mid-sized businesses and became a public company in 2003. John served as Chairman and CEO until his decision to pursue public office. 

John was named Ernst & Young’s Entrepreneur of the Year, received the Bank Enterprise Award from the Obama Administration for lending to disadvantaged communities, and in 2017, was named one of the World’s 50 Greatest Leaders by Fortune Magazine. He is member of the Board of Directors of the Bipartisan Policy Center and a past member of the Board of Directors of Georgetown University, the Board of Trustees of the Potomac School, past Chairman of the Board of St. Patrick’s Episcopal Day School and a member of YPO.  

John received his undergraduate degree from Columbia University and his law degree from Georgetown Law Center.  John and his wife, April McClain-Delaney, have four daughters and reside in Maryland. 

Dana Settle

Co-Founder & Partner, Greycroft

Dana Settle is a Founding Partner of Greycroft, and she heads the firm’s west coast office out of Los Angeles.  

Prior to Greycroft, Dana spent several years as a venture capitalist and advisor to startup companies in the Bay Area, including six years at Mayfield, where she focused on early stage companies in the mobile communications and consumer Internet markets.  

Dana currently manages Greycroft’s investments in Anine Bing, AppAnnie, Avaline, Bird, Bumble, Citizen, Clique, Comparably, Goop, HamsaPay, Happiest Baby, Merit Beauty, Seed, Thrive Market, Versed, and WideOrbit. She also managed the firm’s investments in The RealReal (IPO), Awesomeness TV (acquired by Dreamworks), Maker Studios (acquired by Disney), Pulse (acquired by LinkedIn), Trunk Club (acquired by Nordstrom), Sometrics (acquired by American Express), Viddy (acquired by Fullscreen), and Voicea (acquired by Cisco). 

Dana is a member of the Fast Company Impact Council and a Board Director to IMAX Corporation and the nonprofit Baby2Baby. She also serves as the Chairperson of Powered Brands (Nasdaq: POWRU), a consumer brands-focused SPAC she co-founded with serial entrepreneur Katherine Power.

Her prior experience includes business development at Truveo (AOL), investment banking at Lehman Brothers, and international business development at McCaw Cellular Communications (AT&T). Dana holds a BA in Finance and International Studies from the University of Washington and an MBA from Harvard Business School.

Tom Greenberg

Co-Head of Energy & Infrastructure and Head of ESG Advisory, Credit Suisse

Tom Greenberg is a Managing Director, Co-Head of the Firm’s Global Energy and Infrastructure, and Head of the ESG Advisory in Capital Markets and Advisory division. He is based in Toronto and was formerly head of the bank’s Investment Banking and Capital Markets business in Canada.

Tom joined Credit Suisse in July 1998 and has advised numerous companies on landmark transactions, including advising Enbridge Inc. on its USD 47 billion acquisition of Spectra Energy, the largest deal in Canadian history, and Encana’s USD 7.7 billion acquisition of Newfield Exploration. Tom has also assisted many companies in reviewing their approach to the ongoing energy transition and in managing their sustainability profile.

Mr. Greenberg holds a B.A. (Hons) from McGill University.

Dan Nathan

Principal, RiskReversal Advisors and CNBC Fast Money Contributor

Dan is the principal of RiskReversal Advisors, founded in 2016, offers consulting services to investment banks, investment advisors, and private companies. Prior to founding RRA Dan was a proprietary equity & options trader at hedge funds (SAC, Exis, and Cheyne Capital) and within the equity derivatives group of Merrill Lynch.

Between 2009 and 2019 Dan was a weekly panelist on CNBC’s Options Action and has been a regular panelist on CNBC’s Fast Money program since 2011.

Dan is a graduate of the University of Pennsylvania, originally from Syracuse, New York, he lives in New York City with his wife and two daughters.

John Traugott

Head of De-SPAC Advisory, Equity Capital Markets, Credit Suisse

John Traugott is a Managing Director of Credit Suisse in the Investment Banking and Capital Markets division, based in New York. He is the Head of De-SPAC Advisory, and also Head of Industrial Technology, Energy & Infrastructure ECM, where he leads the firm’s equity capital markets origination efforts across many convergence trends including automation, robotics, electric and autonomous vehicles, and energy transition. 

John joined Credit Suisse First Boston in September 2005 from Wells Fargo where he worked in the Real Estate Merchant Banking group.

John holds an A.B. from Harvard College cum laude.

Anchor: closing

Closing Remarks

David Hermer

Global Head of Equity and Debt Capital Markets, Credit Suisse

David A. Hermer is a Managing Director of Credit Suisse in the Investment Banking division, based in New York. He is the Global Head of Equity & Debt Capital Markets. David is a member of the Global Investment Banking Management Committee, as well as the Reputational Risk committee 

Prior to his current role he was the Head of Equity Capital Markets Americas, and prior to that the Head of the Equity Syndicate Group for the Americas. David has also served as Head of the Monetization Services Group, responsible for share repurchases for the bank's corporate clients. David has also served as a member on the Managing Director Evaluation Committee (MDEC) since 2006.  

Deal list includes IPOs, SPACs and SPAC combinations and follow-on offerings for Google, Weight Watchers, AIG, Transdigm, Annaly, Alcon, CapitalSource, Dyncorp, CB Richard Ellis, Celanese, Bunge, Two Harbors, Ecolab, Gartner, Santander Brazil, Santander Chile, Allscripts, Sara Lee, Hunstman, Rockwood, Kraton, KAR Auction, Rackspace, Netsuite, Warner Chilcott, Virgin Galactic, SoFi, Opendoor, Clover.

David joined Credit Suisse in 1994 as an Associate within Equity Capital Markets - Origination. Prior to that, he worked at Lehman Brothers for five years as an Associate in the Investment Banking division.  

David graduated from the University of North Carolina in 1989 with a B.A. in Political Science.