Highbridge Capital Management Acquires Stake in Newly-listed GP Investments Acquisition Corp. (GPIAU)

GP Investments Acquisition Corp. is sponsored by GP Investments, a leader in alternative investments in Latin America with strong involvement in asset management, especially private equity funds. The Latin America-focused private equity firm has approved the purchase of a total of 5.5 million warrants of the newly listed company, which could increase to over 6 million if the greenshoe options are fully exercised. According to some officials at GP Investments Acquisition, the company’s strategy is to focus on potential acquisition targets in the U.S. and Europe, taking into account the expertise in the sectors where their management team possesses direct investing experience. Some of these sectors include consumer goods, services, retail and hospitality. Given that the Latin America-focused firm has invested in a number of 53 companies across 15 industries and has delivered attractive financial performance throughout the last years, it is highly probable that the newly-listed firm will generate strong performance in the upcoming years.

GP Investments Acquisition Corp.’s recently appointed chairman is Fersen Lambranho, while the company’s CEO and chief financial officer (CFO) is Antonio Bonchristiano, who has acted as the chairman and CEO at GP Investments since 2003. Unquestionably, it will take some time until we find out whether this newborn company can deliver strong performance. Thomas L. Kempner’s Davidson Kempner Partners also acquired an equity stake in GP Investments Acquisition Corp. (NASDAQ:GPIAU), amounting to 1.4 million shares.

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