33 min

Exploring SPACs for the Food Industr‪y‬ The Food Institute Podcast

    • Business

Despite their recent popularity, special purpose acquisition companies (SPACs) are unfamiliar to many in the food industry. Lazard Middle Market Managing Director David Iverson and Director Alejandro Cola join the Food Institute Podcast to provide an overview of SPACs and how they can affect food manufacturers, retailers, and foodservice operators. The pair discuss the history of SPACs, their recent boost in popularity, and recent examples of completed SPACs. Additionally, they highlight the main differences between SPACs and traditional IPOs, as well as the criteria that food companies can use to determine if a SPAC is the right vehicle for them.

More About Alejandro Cola:
Alejandro Cola is a Director and senior member of the Consumer, Food & Retail group at Lazard Middle Market. He has more than 17 years of investment banking experience advising public and private companies on M&A and capital markets transactions.

More About David Iverson:
David Iverson is a Managing Director and Head of the Consumer, Food & Retail group at Lazard Middle Market. He has been with the firm since 1999. His experience includes businesses in every sector of the food and agriculture chain–from animal production to foodservice to retail; and includes transactions with branded, private label, and foodservice companies. David has acted as financial advisor to clients on mergers and acquisitions (both buy-side and sell-side), refinancings and capital raises, and restructurings. Many of his transactions have been recognized by industry peers.

More About Our Sponsor: Lazard Middle Market
Lazard Middle Market LLC, a subsidiary of Lazard Ltd (NYSE: LAZ), is a leading middle market investment bank that provides customized advice on mergers and acquisitions, debt and equity recapitalizations, and financial restructurings to mid-sized companies across a broad range of industries, including consumer, food/agriculture, and e-commerce/retail. Our Consumer, Food & Retail Group bankers have played key advisory roles in some of the most important, complex, and industry-defining transactions. Since 2000, they have completed more than 300 transactions for entrepreneurs, private equity groups, and corporations, many of which are award-winning, strategic, and cross-border. The firm leverages the global resources of Lazard, which include professionals in 40 offices across 25 countries in North America, Europe, Asia, Australia, South and Central America.

To learn more about Lazard, please visit:
https://www.lazard.com/businesses/financial-advisory/middle-market-advisory/consumer-food-retail/

Despite their recent popularity, special purpose acquisition companies (SPACs) are unfamiliar to many in the food industry. Lazard Middle Market Managing Director David Iverson and Director Alejandro Cola join the Food Institute Podcast to provide an overview of SPACs and how they can affect food manufacturers, retailers, and foodservice operators. The pair discuss the history of SPACs, their recent boost in popularity, and recent examples of completed SPACs. Additionally, they highlight the main differences between SPACs and traditional IPOs, as well as the criteria that food companies can use to determine if a SPAC is the right vehicle for them.

More About Alejandro Cola:
Alejandro Cola is a Director and senior member of the Consumer, Food & Retail group at Lazard Middle Market. He has more than 17 years of investment banking experience advising public and private companies on M&A and capital markets transactions.

More About David Iverson:
David Iverson is a Managing Director and Head of the Consumer, Food & Retail group at Lazard Middle Market. He has been with the firm since 1999. His experience includes businesses in every sector of the food and agriculture chain–from animal production to foodservice to retail; and includes transactions with branded, private label, and foodservice companies. David has acted as financial advisor to clients on mergers and acquisitions (both buy-side and sell-side), refinancings and capital raises, and restructurings. Many of his transactions have been recognized by industry peers.

More About Our Sponsor: Lazard Middle Market
Lazard Middle Market LLC, a subsidiary of Lazard Ltd (NYSE: LAZ), is a leading middle market investment bank that provides customized advice on mergers and acquisitions, debt and equity recapitalizations, and financial restructurings to mid-sized companies across a broad range of industries, including consumer, food/agriculture, and e-commerce/retail. Our Consumer, Food & Retail Group bankers have played key advisory roles in some of the most important, complex, and industry-defining transactions. Since 2000, they have completed more than 300 transactions for entrepreneurs, private equity groups, and corporations, many of which are award-winning, strategic, and cross-border. The firm leverages the global resources of Lazard, which include professionals in 40 offices across 25 countries in North America, Europe, Asia, Australia, South and Central America.

To learn more about Lazard, please visit:
https://www.lazard.com/businesses/financial-advisory/middle-market-advisory/consumer-food-retail/

33 min

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