“For its management strength and technological innovation, Events.com stood out as the perfect match,” Diamond stated.
However, the SPAC market has experienced turbulence recently. Early 2020s excitement for SPACs has been tempered by stricter regulations and a downturn in post-merger performances, but Concord is confident in this new venture.
Events.com and Concord $314M Merger : Legal and Financial Players
Kirkland & Ellis LLP and Weintraub Law Group PC are guiding Events.com through the merger, while Greenberg Traurig LLP represents Concord. Cohen & Company Capital Markets is the exclusive financial adviser to Concord in the deal.
Reviving the SPAC Trend?
The Events.com and Concord merger comes amid a cooling SPAC landscape. Concord’s previous attempt at a merger with cryptocurrency platform Circle Internet Financial collapsed in December 2022. This new venture with Events.com could reignite optimism in the SPAC world, proving that carefully chosen partnerships can still thrive.
