Perella Weinberg plans a SPAC for a women-led business - Bloomberg

Sep. 09, 2020 12:57 PM ETBy: Liz Kiesche, SA News Editor
  • Perella Weinberg Partners plans to set up a blank-check company  with the aim to acquire a business owned and led by women, Bloomberg reports, citing a memo it reviewed.
  • PWP Forward Acquisition will aim to raise ~$200M, according to the memo.
  • Stacia Schlosser Ryan, Perella Weinberg's co-head of consumer and retail as well as co-head of diversity and inclusion, will be CEO of the special purpose acquisition company.
  • The SPAC will focus on acquisition targets in consumer products and services, health and wellness, and financial technology.
  • SPAC fundraising has surged to a record this year, with more than $34B raised vs. $12B raised in 2019, according to Bloomberg data.
  • Of the more than 160 SPACs that have gone public since 2019, Perella Weinberg figures that only one has had a women CEO.
  • This isn't the firm's first blank-check company. In 2010, Perella Weinberg's BPW Acquisition Corp. acquired women's clothing retailer Talbots.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.