9 Feb.

Private companies going public: The rise of the SPAC

Private Companies

Tuesday, 02:00 p.m.  ET | 1 hr
Credits offered: CPE Event language: English

Participants will explore the pros and cons of SPACs and consider factors that could help them decide if a SPAC is a viable exit strategy.

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Key takeaways

Host: Wolfe Tone, partner, Deloitte Tax LLP
Presenter: Will Braeutigam, Phil Colaco, and Michael Daniels

1 Overview CPE credit | Specialized Knowledge

Special-purpose acquisition companies (SPACs) are in vogue today as a way for investors and public companies to mitigate public market volatility and risk. But what risks and opportunities do they pose? We’ll discuss:

  • The history of SPACs and conditions and trends driving 2020’s record-breaking pace of SPAC use.
  • Traditional IPOs vs. SPACs—important differences between the two paths to public, including practical issues and considerations.
  • Lifecycle of a SPAC from inception through merger consummation and as a newly public operating company.
  • Tax considerations of a SPAC target company.

Meet the speakers

Wolfe Tone

Wolfe Tone

Vice Chair, US Deloitte Private Leader

Wolfe is the Vice Chair–US Deloitte Private Leader. In this role, he oversees the US Deloitte Private practice, which serves more than 8,000 clients including privately held businesses, family enterprises, family offices, private equity funds and related portfolio companies, emerging growth companies, and high-net worth individuals. Deloitte Private provides these organizations and individuals with audit and assurance, tax, consulting, and risk and financial advisory services to help them address today’s complex challenges and identify tomorrow’s opportunities. Wolfe is also actively engaged as a client service partner leading engagement teams that provide a variety of tax compliance and consulting services, corporate restructuring, M&A diligence and advisory services, IPO planning, and sophisticated wealth transfer planning. Prior to leading the US Deloitte Private practice, Wolfe was the US Deloitte Private Tax leader and a tax partner. With more than two decades of experience, Wolfe has served a variety of technology, life science, retail, real estate, manufacturing, and distribution clients, ranging from startup ventures to Fortune 500 multinational organizations. He has concentrated his professional efforts on advising complex, privately held organizations and in-bound companies.

Will Braeutigam

Will Braeutigam

National Capital Markets Transactions Leader

Will is the National Capital Markets Transactions Leader and the National SPAC Leader at Deloitte & Touche LLP. In this role, he leads Accounting & Reporting Advisory (ARA) offerings related to IPO, SPACs, Acquisitions and Divestitures. He offers more than 15 years of experience providing advisory and audit services to clients. He has extensive private equity experience including auditing and/or advising portfolio companies regarding public exit strategies. He has led numerous IPO engagements including reverse mergers, SPACs (special purpose acquisition companies), recapitalizations, Up-C Structures, predecessor accounting, and SEC pre-clearance filings. He is a certified public accountant in Texas and has a Master in Professional Accounting degree from the University of Texas.

Phil Colaco

Phil Colaco

CEO | Deloitte Corporate Finance LLC

Based in Charlotte, Phil is the CEO of Deloitte Corporate Finance LLC (DCF) in the U.S and serves as the Global Leader of Deloitte Corporate Finance. Prior to joining DCF, he served as a Managing Director and co-founding Partner at McColl Partners. Phil has served as a lead advisor for the sale or acquisition mandates of numerous companies in each of the following industries: human resource services, outsourced software, postsecondary education, corporate training, community banking, and consumer finance, among others. Previously, he was at Bowles Hollowell Conner/First Union Securities and Lehman Brothers. Select experience: Advisor to Drake Software, a leading tax software provider, on its sale to CINVEN. Advisor to MC2, a leading event marketing service provider, on its sale to MCH Group. Advisor to Consolidated Claims Group, a leading insurance claims services provider, on its recapitalization with Carousel Capital. Advisor to Execu|Search Group, a leading recruitment and staffing company, on its recapitalization with New Heritage Capital. Advisor to The Medicus Firm, a leading healthcare staffing firm, on its sale to M3 USA. Advisor to Partners in Leadership, a premier provider of accountability and culture change training services, on its recapitalization with Hammond, Kennedy, Whitney, & Company, Inc. Advisor to J.S. Held, Inc., a leader in the property insurance and loss consulting market, on its recapitalization with Lovell Minnick Partners LLC. Advisor to IQNavigator, Inc., a leading provider of contingent workforce solutions, on the divestiture of its managed services provider division to MSX International, Inc. Advisor to ArcaTech Systems, a global provider of cash automation and payment technologies, on its acquisition of CTS Electronics S.p.A. Advisor to VitalSmarts, LC, a leader in the global corporate training and leadership development market, on its recapitalization with an affiliate of Providence Equity Partners LLC. Professional and Personal Affiliations Member and former President of ACG Charlotte. Trustee of the Make-A-Wish Foundation of Georgia and the Make-A-Wish Foundation of Iowa. Former Trustee and Board Chairman of Trinity Episcopal School. Trustee of Charlotte Latin School. Education & Certifications University of Chicago, the Booth School of Business: MBA, Finance and Accounting (with highest honors) University of Virginia: BA, Economics Series 7, 24 and 63 Investment Banking Representative and General Securities Principal

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Tuesday, 9 Feb 2021 02:00 p.m. ET
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