Gibraltar & Co files for $100 mln IPO of consumer-focused SPAC
Affiliates of Toronto-based private investment management firm Gibraltar & Co Inc have filed a preliminary prospectus with Canadian securities regulatory authorities for an initial public offering (IPO). The IPO seeks to raise $100 million for Gibraltar Growth Corp, a special purpose acquisition corporation (SPAC) geared to North American consumer-facing companies with an enterprise value of up to $750 million. Among the SPAC's directors is Cam di Prata, founder and CEO of Gibraltar. As reported by peHUB Canada last year, di Prata and other business executives were responsible for seeding Gibraltar Ventures, an investor in consumer-focused technology companies.
4 August 2015•6 mins read
