Former House Speaker Paul Ryan Starts Blank-Check Company
Executive Network Partnering will seek to raise roughly $300 million in an initial public offering
Aug. 20, 2020
Paul Ryan, the consummate Washington negotiator, is trying his hand at another kind of deal making, jumping into the rush on Wall Street toward blank-check acquisition companies.
The former House speaker will serve as chairman of a vehicle known as Executive Network Partnering Corp., which will seek to raise roughly $300 million in an initial public offering, people familiar with the deal said. That figure is subject to change based on demand.
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Also known as special-purpose acquisition companies, they turn the traditional IPO model on its head by going public before acquiring a business. They have gained popularity as deal makers look to take advantage of the economic dislocation caused by the coronavirus pandemic.
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Alex Dunn, the former president of security company Vivint Smart Home Inc., will serve as chief executive of the new SPAC. Solamere Capital, run by Sen. Romney’s son Taggart, will be the main sponsor.
https://www.solamerecapital.com/about-us
Founded in 2008 by Tagg Romney, Eric Scheuermann, and Spencer Zwick, and in partnership with Mitt Romney (who stepped down in 2019 to join the U.S. Senate)...
https://www.topionetworks.com/people/alex-dunn-5b476a7078e002482f880938#new-site
Before joining Vivint, Alex started and ran two successful venture-backed companies, and served as Chief of Staff and COO to Governor Mitt Romney in Massachusetts. Alex has a bachelor’s degree in Business Management from Brigham Young University.
Top Romney Adviser Worked With Hunter Biden On Board Of Ukrainian Energy Company
SEPTEMBER 26, 2019
As Democrats and the media remain fanatically obsessed with assembling some form of a “quid pro quo” from the infamous Trump-Zelensky phone call, new details have emerged regarding Burisma, the company for which Hunter Biden worked and the company that Ukraine’s top prosecutor had been investigating before Vice President Joe Biden had the prosecutor fired via a months-long pressure campaign. According to web archives, top Mitt Romney adviser Joseph Cofer Black, who publicly goes by “Cofer Black,” joined Burisma’s board of directors while Hunter Biden was also serving on the board.