BlueMountain Capital Management Owns 7.7% Of Newly-Listed Blank-Check Company Global Partner Acquisition Corp. (GPACU)

Global Partner Acquisition Corporation has not yet identified any business combinations targets, however, the company intends to deploy its capital by merging with a company that has an enterprise value of between $300 million and $1.5 billion, but other smaller or larger enterprises may be considered as well. The company asserts that the characteristics and capabilities of its team, which is led by CEO Paul Zepf, makes it an attractive partner to potential target businesses and will increase the likelihood of completing a successful business combination. Paul Zepf started his finance career at the Merchant Banking Department at Morgan Stanley, but also served as a managing director of Lazar, Lazard Alternative Investments, and Golub Capital throughout his career. His experience of more than 25 years in private equity investing will most likely assist Global Partner Acquisition Corporation in completing a successful deal.

But why would anyone invest in a blank-check company? At the end of the day, an investment in this type of company is a simple bet that the company’s team has the necessary expertise to identify and complete a successful acquisition. So only time will tell whether BlueMountain Capital Management made the right decision to invest in Global Partner Acquisition Corp. (NASDAQ:GPACU). In the meantime, Thomas Lenox Kempner’s Davidson Kempner Partners also disclosed an ownership of 1.2 million shares in the blank-check company, which represent 6.90% of its outstanding common stock.

Disclosure: None