SPACs have come a long way. Once a backwater of the M&A world, special-purpose acquisition company deals are increasingly popular, and SPAC deal values can reach into the hundreds of millions, if not billions.
One of the latest SPAC deals was handled by Kilpatrick Stockton partner W. Benjamin Barkley. The lawyer was counsel to Pro Brand International Inc. of Marietta, which designs and makes dishes and antennas for direct-broadcast satellite provider DIRECTV Group Inc. Pro Brand has agreed to be acquired by a SPAC, Granahan McCourt Acquisition Corp., for $75 million.
