What Investors Look for in a SPAC Sponsor
In this SPAC Podcast Spotlight, Candice Beaumont, Chief Investment Officer of L Investments, shares the key fundamentals she evaluates when assessing SPAC sponsors. She explains why a proven track record in the SPAC space is critical, and why partnering with experienced operators — such as the Cohens — can make a significant difference in execution.
Candice also highlights the importance of selecting the right service providers and legal teams, emphasizing that timing and efficiency are essential in SPACs given their two-year closing window. Her insights shed light on how sponsor experience and execution capabilities influence outcomes in the SPAC market.
Disclaimer:
The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, or financial advice.
Connect with the Guest:
Candice Beaumont – Chief Investment Officer, L Investments
LinkedIn: https://www.linkedin.com/in/candicebeaumont/
View all of their episodes here:
https://www.thespacpodcast.com/guests/candice-beaumont/
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Michael Blankenship LinkedIn: https://www.linkedin.com/in/mikeblankenship/
Joshua Wilson LinkedIn: https://www.linkedin.com/in/joshuabrucewilson/
YouTube Channel: https://www.youtube.com/@Thespacpodcast
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Disclaimer:
Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
Listeners are encouraged to consult their own legal counsel, compliance professionals, or financial advisors to ensure adherence to applicable laws and regulations, including those enforced by the SEC, FINRA, and other regulatory bodies. This podcast does not constitute a solicitation, offer, or recommendation of any financial products, securities transactions, or legal services.
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👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 Joshua Bruce Wilson - https://www.linkedin.com/in/joshuabrucewilson/
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Mike: When you’re looking at SPACs, what key fundamentals do you look for in a SPAC sponsor?
Candice: We look for sponsors that have experience and have done this a number of times. Track record is incredibly important. There are private equity fund managers who think it’s easy to do a SPAC, but they often don’t know the nuances. If it’s a partner like that, we want to see them aligned with experienced operators — for example, the Cohens, who have completed multiple successful SPACs. That increases the likelihood of success, even for someone new.
We try to find sponsors with strong track records, or at least partnered with those who do. SPACs are about execution. If you hire the wrong service providers or lawyers, you can get stuck in SEC comments for months. Since SPACs only have two years to close, timing and efficiency are critical. We want sponsors who can execute well and manage the process effectively.
Candice Beaumont
Chief Investment Officer
Candice Beaumont serves as Chairman of the Salsano Group, a Panama based family office & conglomerate invested in private equity. She is also Chief Investment Officer of L Investments, a single family office invested in public and private equity. Ms. Beaumont has been a speaker at numerous family office and investment conferences globally and is a NYU Stern Family Office Council member serving on the Steering Committee. Ms. Beaumont is a member of the Board of Directors of numerous SPACs including Clean Earth Acquisition Corp. (Nasdaq: CLINU), Israel Acquisitions Corp (Nasdaq: ISRLU) is an Advisor to Athena Technology Acquisition Corp (NYSE: ATHN.U) and Advisor to Springwater Situations Corp. (NASDAQ: SWSSU). She is also an Advisory Board member of the Family Office Association, a global membership organization exclusive to single family offices and families of significant wealth.
Ms. Beaumont remains committed to community and philanthropic causes and serves on the International Council of Advisors for Global Dignity, is a part of the Academy of The Global Teacher Prize, founded by the Varkey Foundation as well as member of Athletes for Hope. Candice was a member of Milken Young Leaders Circle and is an active member of Young Presidents Organization.
Candice Beaumont has well over a decade of experience in the investment business. She started her career in Corporate Finance at Merrill Lynch. Ms. Beaumont worked as an investment banker at Lazard Frères for several years, executing over $20 billion of merger and acquisition advisory assignments. She le…
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