- Capitol has raised $1.53 billion in five SPACs since 2007 and closed four SPAC mergers
- 1 of 4 U.S. sponsor teams to close four SPAC transactions with SPACs over $150 million
- 1 of 4 U.S. SPAC issuers to raise 5 SPACs over $100 million with an opportunistic focus
- Only U.S. SPAC issuer with 10+ years of SPAC experience to price 5 SPAC vehicles
Capitol Success Stories
In October 2009, Capitol Acquisition Corp. created Two Harbors Investment Corp., a Maryland real estate investment trust. Two Harbors has grown from $119 million to more than $4.4 billion of market capitalization (including a spin-off) and is the third-largest mortgage REIT in the United States.
In July 2015, Capitol Acquisition Corp. II merged with Lindblad Expeditions, Inc., a global leader in expedition cruising across all seven continents. The $439 million transaction enabled Lindblad to pursue attractive future growth opportunities including new ship builds and potential acquisitions.
In June 2017, Capitol Acquisition Corp. III merged with Cision, a leading global provider of cloud-based earned media solutions. The $2.4 billion transaction enabled Cision to pay down debt, refinance its existing capital structure and pursue future organic growth and M&A opportunities.
In July 2019, Capitol Investment Corp. IV merged with Nesco, a leading specialty equipment rental provider to the electric utility, telecom and rail end-markets. The $1.1 billion transaction enabled Nesco to pay down debt and refinance its existing capital structure and invest in fleet expansion to capture unmet demand.
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