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Page 1: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

October 2020

Dealogic Market Overview and Insight

Page 2: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 1

Agenda

2 Financing – Investment Grade & Leveraged Finance

3 Private Equity

4 SPAC Deep Dive

1 US M&A Market Overview

5 Dealogic App

Page 3: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

US M&A Market Overview

1 2 3 4 5

Page 4: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 3

Dealogic Market Overview and InsightF9M 2020 Global M&A Volume

$3,591.3tn

Sept 30, 2007

$1,605.7tn

Sept 30, 2009

$2,271.5tn

Sept 30, 2020

$2,066.4tn

Avg (1995-2020)

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

January February March April May June July August September

Volume ($bn) F9M daily accumulated M&A volume

2007 2009 2020 Median (1995-2020) Average (1995-2020)

2007 F9M – $3.59tn

2008 F9M – $2.55tn

2009 F9M – $1.60tn

2020 F9M - $2.27tn

Dealogic Market Overview and Insight

Page 5: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 4

Dealogic Market Overview and InsightUS M&A Market Overview

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3

2012 2013 2014 2015 2016 2017 2018 2019 2020

No.$(tn) US-targeted M&A Activity by Quarter

Deal Value Deal no.

MyoKardia

United Wholesale

Mortgage

Immunomedics

Ellie Mae

Livongo Health

Speedway

Varian Medical Systems

Noble Energy

Maxim Integrated Products

GCI Liberty

Otis Worldwide

Carrier Global

E*Trade Financial Corp

0.5

1

1.5

01-Dec-19 20-Jan-20 10-Mar-20 29-Apr-20 18-Jun-20 07-Aug-20 26-Sep-20 15-Nov-20 04-Jan-21

2020 YTD US-targeted Megadeals

Page 6: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 5

Dealogic Market Overview and InsightUS M&A Market Overview

0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0

Insurance

Machinery

Constuction

Auto

Energy

Telecom

Finance

Oil & Gas

Healthcare

Technology

US-Targeted M&A Top 10 Sectors - F9M

2019 2020

Analog DevicesMaxim Integrated

Products

• $21.2bn

Teladoc HealthLivongo Health

• $18.4bn

Intercontinental ExchangeEllie Mae

• $11.1bn

SiemensVarian

• $16.5bn

Gilead SciencesImmunomedics

• $20.9bn

Brystol-Myers SquibbMyoKardia

• $13.1bn

Technology overtakes Healthcare…

Page 7: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

US Financing

1 2 3 4 5

Page 8: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 7

Dealogic Market Overview and InsightUS Financing: Overview (1 of 3)

0

50

100

150

200

250

0

20

40

60

80

100

120

140

160

180

2018

Q4

2019

Q1

2019

Q2

2019

Q3

2019

Q4

2020

Q1

2020

Q2

2020

Q3

$bn US Marketed New M&A-Related Financing, FI

IG Loans LVG Loans - Institutional LVG Loans- Other

IG Bonds HY Bonds Total Non-IG Deal No.

Total IG Deal No.

0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

700

800

900

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2016 2017 2018 2019 2020

Deal No.$bnUS Marketed Fixed Income Volume

IG LVG & HY IG Deals LVG & HY Deals

Related M&A Financing still low

Page 9: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 8

Bonds volume taking over market share

Dealogic Market Overview and InsightUS Financing: Overview (2 of 3)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2019 Q1

2019 Q2

2019 Q3

2019 Q4

2020 Q1

2020 Q2

2020 Q3

US Marketed New M&A-Related Lev and HY Financing

% High Yield Bonds % Leveraged Loans

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2019 Q1

2019 Q2

2019 Q3

2019 Q4

2020 Q1

2020 Q2

2020 Q3

US Marketed New M&A-Related IG Financing

% Bonds % Loans

Page 10: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 9

Leverage market struggles

Dealogic Market Overview and InsightUS Financing: Overview (3 of 3)

0

1

2

3

4

5

6

0

20

40

60

80

100

120

Jan Feb Mar Apr May Jun Jul Aug Sep

Deal No.$bn

US Marketed FS-related Volume by Use of Proceeds,

2020

M&A Related Refinancing Div Recap All Other Portability

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

2019 2020

LevFin FS-related Perceived Risk

First Lien Inst Loans HY Bonds

Page 11: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Private Equity

1 2 3 4 5

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Confidential 11

PE Market Rebounds in 3Q

Dealogic Market Overview and InsightUS Private Equity: Overview

0

30

60

90

120

150

180

0

10

20

30

40

50

60

'20 1Q '20 2Q '20 3Q

# DealsVolume ($ bn)

US FS Entries by Investment Type

Growth Capital LBO Entry Deals

100 80 60 40 20 0 20 40 60 80 100

'08 Q3

'08 Q4

'09 Q1

'09 Q2

'09 Q3

'09 Q4

'10 Q1

'10 Q2

'10 Q3

'10 Q4

-------------

'18 Q1

'18 Q2

'18 Q3

'18 Q4

'19 Q1

'19 Q2

'19 Q3

'19 Q4

'20 Q1

'20 Q2

'20 Q3

Volume ($bn)

US Sponsor M&A Entry/ Exit Volume

PE Entry PE Exit

Page 13: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

US SPAC Market Deep Dive

1 2 3 4 5

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Confidential 13

0

20

40

60

80

100

120

140

160

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

# of SPACs

# of SPACs

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: US SPAC IPO Activity by Year

Introduction of SPACSo Small SPAC IPOs priced as a new niche

product that raised questions on the quality

of the sponsors

2003 – 2007: Entrance of Big Bankso Larger bulge bracket banks begin to take

part in underwriting SPAC transactions prior

to the financial crisis

Accelerated Growtho Activity spikes to record levels with

September pricing more deals than any

other month on record

Dealogic data as of October 15th.

Page 15: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 14

-10

0

10

20

30

40

50

60

70

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O

2014 2015 2016 2017 2018 2019 2020

# SPAC IPO Filings #SPAC IPO Pricings

0

10

20

30

40

50

60

70

J F M A M J J A S O

2020# SPAC IPO Filings #SPAC IPO Pricings

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: SPAC Filings

The acceleration of SPAC filings and pricings has happened in the last 6 months…

SPAC IPO Filings

SPAC 2020 IPO Filings

Dealogic data as of October 15th.

Page 16: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 15

72 69 55

144 145

194

272294

234 229

377

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

US SPAC AVERAGE IPO SIZE

269314

344

275

336

210 212254 269

322371

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

US LISTED AVERAGE IPO SIZE

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: Market Trends

The average size of traditional US IPOs has stayed between $200m to $400m, however SPAC size has grown 5x

SPACs currently make up 48% of the US IPO market this year

0

20

40

60

80

100

120

140

2018 YTD 2019 YTD 2020 YTD

$bn

SPACs Technology Healthcare Other Sectors

17%19%

48%

0%

10%

20%

30%

40%

50%

60%

2018 YTD 2019 YTD 2020 YTD

SPACs as % of US IPO Volume

Dealogic data as of October 15th.

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Confidential 16

Private Equity firms have been more active than ever before…

…New players come from all backgrounds

Photos: Bill Ackman, Billy Beane , Paul Ryan, Gary Cohn, SHAQ, Reed Hoffman, Amish Jani, Rick Heitzmann0

5

10

15

20

25

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2018 2019 2020

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: Who are the sponsors of SPACs

SPAC # of SPACs Year of Last SPAC

Gores Holdings 7 Gores Holdings VI Inc (2020)

Social Capital Hedosophia Holdings Corp 6 Social Capital Hedosophia Holdings Corp VI (2020)

Churchill Capital Corp 5 Churchill Capital Corp V (2020)

Capitol Acquisition Corp 4 Capitol Investment Corp IV (2017)

Committed Capital Acquisition Corp 4 Committed Capital Acquisition Corp III

FinTech Acquisition Corp 4 FinTech Acquisition Corp IV (2020)

Hennessy Capital Acquisition Corp 4 Hennessy Capital Acquisition Corp IV (2020)

7 different SPAC Issuers have done 3

SPACs Filed backed by Private

Equity

2

1 Repeat Issuers play a continued role…

Page 18: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 17

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: IPO to Announcement

16.4 18.57 17.415 13.55

18.6115 14.89

17.38

12.35

4.47

0

5

10

15

20

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Avg Months from IPO to Announced Acq (ALL)

Average Months from IPO to Announced Acquisition…

0

5

10

15

20

25

30

2010

Feb

2010

Nov

2011

Apr

2011

Jan

2011

Jun

2011

May

2011

Oct

2012

Dec

2012

Jul

2013

Aug

2013

Jul

2013

May

2013

Oct

2014

Aug

2014

Feb

2014

Jul

2014

Oct

2015

Aug

2015

Jan

2015

Jun

2015

May

2015

Oct

2016

Apr

2016

Feb

2016

Jun

2016

May

2016

Sep

2017

Aug

2017

Feb

2017

Jul

2017

Mar

2017

Nov

2017

Sep

2018

Aug

2018

Feb

2018

Jul

2018

Mar

2018

Nov

2018

Sep

2019

Aug

2019

Feb

2019

Jul

2019

Mar

2019

Nov

2020

Feb

2020

Jun

2020

May

Avg Months from IPO to Announced Acq (ALL)

Dealogic data as of October 15th.

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Confidential 18

65.996.5 115.8

366.2 354.4

725.7

1,097.90

954.3

764.1

1,377.10

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: Size of M&A on the Rise

Deal Count Begins to Riseo Deal count went from 1 deal in

2011 to 11 deals in 2013 with 4

deals closing at over $200m

Acquisition Sizes Jump above $1bno 7 deals closed above $1bn in size. SPACs

begin to acquire portfolio companies from

PE firms

PIPEs Become a Best Practice o Private investments from existing investors

aid in larger M&A transactions

Dealogic data as of October 15th.

Page 20: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 19

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: Top Sectors and Deals

Technology

26%

Financial Institutions

8%

Industrials

14%

Business Services

6%

Energy & Natural Resources

15%

Healthcare

9%

Consumer & Retail

15%

Real Estate

1%

Communications, Media &

Entertainment

3%

Transportation

3%

Technology

24%

Business Services

7%

Industrials

13%Consumer &

Retail

18%

Energy & Natural

Resources

17%

Communications, Media &

Entertainment

3%

Financial Institutions

9%

Healthcare

6%

Transportation

3%

Announced Deals…

Completed Deals…

Complete Deals by Sector

M&A Volume ($m) # Deals

ALL 106,624.10 128

Technology 34,759.70 30

Business Services 9,934.20 9

Industrials 12,136.40 16

Consumer & Retail 11,780.60 23

Energy & Natural Resources 19,805.60 22

Communications, Media & Entertainment 1,232.60 4

Financial Institutions 6,654.80 12

Healthcare 5,766.80 8

Transportation 4,553.40 4

Announced Deals by Sector

M&A Volume ($m) # Deals

ALL 180,662.30 179

Technology 56,327.50 47

Financial Institutions 25,506.90 15

Industrials 26,307.20 26

Business Services 15,226.80 10

Energy & Natural Resources 24,142.10 26

Healthcare 11,042.50 16

Consumer & Retail 14,263.60 26

Real Estate 1,008.20 2

Communications, Media & Entertainment 1,936.40 6

Dealogic data as from 2011 – Oct 15th.

Dealogic data as from 2011 – Oct 15th.

Top 5 Completed Deals

Completion

Date

Months from

IPO to Acq

Acquisition

Value ($m)Target Target Sector Acquiror Divestor

10/8/2020 8 9,730.60MultiPlan Inc

(100.0%)Technology

Churchill Capital

Corp III

Hellman &

Friedman LLC

5/13/2019 8 4,200.00Clarivate Analytics

(US) LLC (100.0%)Technology

Churchill Capital

Corp

1/17/2020 27 4,180.60 Vivint Inc (100.0%)Business

Services

Mosaic Acquisition

Corp

Blackstone

Group Inc

2/7/2020 20 3,329.20 Vertiv Co (100.0%) TechnologyGS Acquisition

Holdings Corp

Platinum

Equity LLC

6/3/2020 25 3,277.00Nikola Corp (pre-

2020) (100.0%)Industrials

VectoIQ Acquisition

Corp

Dealogic data as of October 15th.

Top 5 Announced Deals

Announcement

Date

Acquisition

Value ($m)Target Target Sector Acquiror

SPAC Deal

Value ($m)

9/22/2020 15,984.10

United Wholesale

Mortgage LLC

(100.0%)

Financial

InstitutionsGores Holdings IV Inc 425

9/15/2020 5,875.00Opendoor Labs Inc

(100.0%)Technology

Social Capital

Hedosophia Holdings

Corp II

414

9/8/2020 5,292.60

Advantage

Solutions Inc

(100.0%)

Business ServicesConyers Park II

Acquisition Corp450

9/3/2020 3,688.00QuantumScape

Corp (100.0%)Industrials

Kensington Capital

Acquisition Corp230

9/2/2020 3,500.00 Skillz Inc (100.0%) TechnologyFlying Eagle Acquisition

Corp690

Page 21: Dealogic Market Overview and Insight...2020/10/21  · Confidential 3 Dealogic Market Overview and Insight F9M 2020 Global M&A Volume $3,591.3tn Sept 30, 2007 $1,605.7tn Sept 30, 2009

Confidential 20

0 2 4 6 8 10 12

Transportation

Oil & Gas

Finance

Utility & Energy

Prof. Services

Technology

Volume ($bn)

M&A FS Exit – SPACs Targeting Portcos by Sector-’20 3Q

Exit Reverse Takeover

180

467

280

712

US Technology Portco Hold Time

0-1 yrs 1-3 yrs 3-5 yrs 5+ yrs

MultiPlan

Opendoor Labs

Advantage Solutions

ChargePoint Inc

Grosvenor Capital

Paya Inc

GPM Investments

Open Lending LLC

Digital Media Solutions

Specialists On Call Inc

Porch.com

AerSale

Immatics Biotechnologies

12-Oct 1-Dec 20-Jan 10-Mar 29-Apr 18-Jun 7-Aug 26-Sep 15-Nov

Financial Sponsor SPAC M&A Exit Deals- 2020 YTD

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: Private Equity backed Portfolio Companies

Dealogic data as of October 15th.

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Confidential 21

2020 SPAC M&A LEAGUE TABLE 2020 YTD 2019 YTD Change

All Advisor (Parent) Rank

Deal Value at

Announcement USD (m) No. % Share Rank

Deal Value at

Announcement USD (m) No. % Share Pos. Rank

Deal Value at

Announcement USD (m) % Amt. No. % Share

Goldman Sachs 1 22,310.40 8 60.81 11 924.68 1 7.05 ▲ 10 21,385.72 2,312.77 7 53.76

BofA Securities 2 14,919.26 6 40.66 ▲ 14,919.26 6 40.66

Citi 3 12,022.26 4 32.77 5 4,481.65 2 34.15 ▲ 2 7,540.61 168.26 2 -1.38

Morgan Stanley 4 9,980.39 4 27.20 4 5,035.27 3 38.37 4,945.13 98.21 1 -11.17

UBS 5 9,730.64 1 26.52 1 5,500.00 2 41.91 ▼ -4 4,230.64 76.92 -1 -15.39

Barclays 5 9,730.64 1 26.52 ▲ 9,730.64 1 26.52

Centerview Partners 5 9,730.64 1 26.52 ▲ 9,730.64 1 26.52

JPMorgan 8 8,869.77 3 24.18 5 4,481.65 3 34.15 ▼ -3 4,388.12 97.91 0 -9.98

Evercore Inc 9 6,703.39 3 18.27 ▲ 6,703.39 3 18.27

Deutsche Bank 10 6,338.48 3 17.28 8 1,206.33 3 9.19 ▼ -2 5,132.15 425.44 0 8.08

Subtotal 30,410.56 13 82.89 7,259.95 6 55.32 23,150.61 318.88 7 27.56

Total 36,688.80 30 100.00 13,122.42 18 100.00 23,566.38 179.59 12 0.00

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: What Advisors can help

2020 SPAC IPO LEAGUE TABLE 2020 YTD 2019 YTD Change

Bookrunner (Parent) Rank Deal Value USD (m) No. % Share Rank Deal Value USD (m) No. % Share Pos. Rank Deal Value USD (m) % Amt. No. % Share

Credit Suisse 1 10,570.51 28 19.39 4 1,002.71 7 9.55 ▲ 3 9,567.80 954.20 21 9.84

Citi 2 7,421.50 26 13.61 3 1,131.67 4 10.78 ▲ 1 6,289.83 555.80 22 2.83

Goldman Sachs 3 6,071.54 23 11.14 5 888.79 6 8.47 ▲ 2 5,182.75 583.12 17 2.67

UBS 4 4,183.25 17 7.67 16 127.67 2 1.22 ▲ 12 4,055.58 3,176.62 15 6.46

Jefferies LLC 5 4,075.29 14 7.48 9 316.25 1 3.01 ▲ 4 3,759.04 1,188.63 13 4.46

Deutsche Bank 6 3,034.32 17 5.57 2 1,413.41 8 13.46 ▼ -4 1,620.91 114.68 9 -7.90

Cantor Fitzgerald & Co 7 2,752.37 11 5.05 1 2,355.08 10 22.43 ▼ -6 397.30 16.87 1 -17.38

BofA Securities 8 2,506.48 11 4.60 11 268.75 2 2.56 ▲ 3 2,237.73 832.64 9 2.04

Morgan Stanley 9 2,402.67 10 4.41 12 172.50 1 1.64 ▲ 3 2,230.17 1,292.85 9 2.76

JPMorgan 10 2,341.17 9 4.29 19 91.67 1 0.87 ▲ 9 2,249.50 2,454.00 8 3.42

Subtotal 45,359.09 106 83.20 7,768.49 28 74.00 37,590.60 483.89 78 9.20

Total 54,516.74 143 100.00 10,498.03 44 100.00 44,018.71 419.30 99 0.00

Dealogic data as of October 15th.

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Confidential 22

Dealogic Market Overview and InsightUS SPAC Market Deep Dive: Largest SPACs Seeking a Target

Pricing Date Ticker IssuerSPAC IPO Value

($m)

SPAC Management

TeamSPAC Proposed SIGs

SPAC Acquisition

Period Months

SPAC Acquisition

Limit DateBookrunner Parent

7/22/2020 PSTH.U Pershing Square Tontine Holdings Ltd 4,000.00Chairman/CEO: William A. Ackman

CFO: Ben Hakim24 7/22/2022 Citi, Jefferies LLC,UBS,

7/30/2020 CCIV.U Churchill Capital Corp IV 2,070.00CEO: Michael Klein

CFO: Jay Taragin 24 7/30/2022 Citi, Goldman Sachs, JPMorgan,

8/18/2020 BFT.U Foley Trasimene Acquisition Corp II 1,467.00

Founder and Chairman: William P.

Foley, II

CEO: Richard N. Massey

CFO: Bryan D. Coy

David W. Ducommun - Senior VP of

Corporate Finance

Computers & Electronics-Software, 24 8/18/2022 BofA Securities, Credit Suisse,

10/8/2020 IPOF.U Social Capital Hedosophia Holdings Corp

VI1,150.00

Chairman/CEO: Chamath

Palihapitiya

President: Ian Osborne

CFO: Steven Trieu

General Counsel: Simon Williams

Computers & Electronics, 24 10/8/2022 Credit Suisse,

5/26/2020 WPF.U Foley Trasimene Acquisition Corp 1,035.00

CEO: Richard N. Massey

Chairman: William P. Foley, II

CFO: Richard L. Cox

SVP: David W. Ducommun

General Counsel: Michael L. Gravelle

Computers & Electronics, Finance, 24 5/26/2022 BofA Securities, Credit Suisse,

7/30/2020 PRPB.U CC Neuberger Principal Holdings II 828

CEO:Chinh E. Chu

CFO:Matthew Skurbe

Executive VP: Jason K. Giordano

Executive VP: Douglas Newton

24 7/31/2022 Citi, Credit Suisse,Morgan Stanley,

9/8/2020 CRHC.U Cohn Robbins Holdings Corp 828Co-Chairman: Clifton S. Robbins

Co-Chairman: Gary D. Cohn

CFO: Charles S. Kwon24 9/8/2022 Credit Suisse,

10/8/2020 IPOE.U Social Capital Hedosophia Holdings Corp

V805

Chairman/CEO: Chamath

Palihapitiya

President: Ian Osborne

CFO: Steven Trieu

General Counsel: Simon Williams

Computers & Electronics, 24 10/8/2022 Credit Suisse,

8/25/2020 FTOCU FTAC Olympus Acquisition Corp 754.7

Betsy Z. Cohen - Chairman of the

Board

Ryan M. Gilbert - President, CEO and

Director

Douglas Listman - CFO

Shami Patel - COO

Computers & Electronics-Software, 24 8/25/2022 Cantor Fitzgerald & Co, Citi,

6/29/2020 GSAH.U GS Acquisition Holdings Corp II 750Chairman: Raanan A. Agus

CEO/CFO: Tom Knott

Computers & Electronics, Healthcare,

Leisure & Recreation, Telecommunications,24 6/29/2022 Citi ,Goldman Sachs,

10/1/2020 APSG.U Apollo Strategic Growth Capital 750

CEO/Director:Sanjay Patel

CFO/CAO:James Crossen

Director: Scott Kleinman

Director: Jennifer Fleiss

Director: Mitch Garber

Director: James H. Simmons III

24 10/1/2022

Apollo Global Management Inc, Citi,

Credit Suisse, Deutsche Bank,

Goldman Sachs, Siebert Williams

Shank & Co LLC,

Dealogic data as of October 15th.

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Dealogic App – Personalized Capital Markets Insights and Predictive Analytics

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Knowledge is key, whether you’re looking to make an acquisition, target new business, track your peers or evaluate the market. Arm yourself with Dealogic’s global capital markets and M&A content, which is relied on by the world’s largest investment banks and media publications.

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