Daniel Klass, Sagard among backers of $90 mln software SPAC
Software Platform Partners Corp, a Canadian special purpose acquisition corporation (SPAC), has filed with domestic regulators for an initial public offering of $90 million Class A restricted voting units. The proceeds will be used to make one or more acquisitions that result in the creation of an enterprise software platform. The SPAC is sponsored by SPP Management LP, the principals of which are Daniel Klass, founder of Klass Capital, and Jill Denham, a former CIBC executive. Klass, Denham and Power Corp's Sagard Holdings ULC will buy about $41 million of Class B and forward purchase units to align the interests of founders with other investors.
4 July 2017•6 mins read
