SEC Throws Another Wrench into Wall Street’s SPAC Machine April 13, 2021 By Ben Bain, Heather Perlberg, Gillian Tan and Crystal Tse U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to...
SPAC Mania Anxiety Grows; Bankers, Regulators, Insurers Try to Keep Pace April 1, 2021 By Gillian Tan, Ben Bain, Heather Perlberg and Crystal Tse Anxiety is growing that the wellspring of special-purpose acquisition companies, a 2020s echo of the dot-com mania of the 1990s,...
Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg February 7, 2021 By Gillian Tan, Katherine Chiglinsky, Sarah McBride and Katie Roof Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company,...
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion September 20, 2020 By Gillian Tan and Katie Roof Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about...
Online Used Car Retailer Shift Talking Merger With Insurance Acquisition June 22, 2020 By Gillian Tan, Crystal Tse and Katie Roof Shift Technologies Inc., an online retailer for used cars, is in talks to merge with blank-check company Insurance Acquisition Corp.,...
Bain, Vista Said to Be Weighing Sale of Software Firm Vertafore. Could It Bring $5 Billion? October 31, 2019 By Gillian Tan and Kiel Porter Vista Equity Partners and Bain Capital are in the early stages of weighing a sale of insurance software maker Vertafore...
AIG Is Seeking More Than $200M for Manhattan Hotel October 8, 2018 By Patrick Clark and Gillian Tan AIG Global Real Estate is seeking buyers for a Manhattan hotel that could fetch more than $200 million, according to...