| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
83 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
-13 |
| Cash Flow (TTM) (Millions $) |
1 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
CC Neuberger Principal Holdings II (NYSE:PRPB) is a special purpose acquisition company (SPAC) that was formed by CC Capital, Neuberger Berman and MSD Partners in 2020. The company's goal is to acquire one or more businesses in the technology, healthcare or financial services sectors through a merger or acquisition.
CC Neuberger Principal Holdings II raised $350 million in its initial public offering and is led by Chinh Chu, a veteran of private equity firm Blackstone. The company's management team also includes senior executives from Neuberger Berman and MSD Partners.
As a SPAC, CC Neuberger Principal Holdings II does not have any operations of its own. Instead, the company's sole purpose is to identify and acquire one or more businesses that fit its investment criteria. The company has a two-year window to find a suitable merger or acquisition target, after which time it must return the remaining funds to investors.
CC Neuberger Principal Holdings II is focused on identifying businesses that have a strong competitive position within their market, scalable business models and significant growth potential. The company also places a strong emphasis on corporate social responsibility, looking for companies that prioritize environmental sustainability, diversity, and social responsibility.
The company's management team has a track record of successfully acquiring and transforming businesses. They plan to leverage their experience and expertise to create value for shareholders through the acquisition of a high-growth company.
Overall, CC Neuberger Principal Holdings II is a well-funded SPAC that is well-positioned to identify and acquire a high-growth business in the technology, healthcare or financial services sectors. Its commitment to corporate social responsibility and experienced management team suggest that the company will focus on investing in sustainable, socially responsible businesses with strong growth potential.
Company Address: 200 Park Avenue, 58th Floor New York 10166 NY
Company Phone Number: 355-5515 Stock Exchange / Ticker: NYSE PRPB
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