Atlantic Alliance Partnership Files for IPO

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By Chris Lange Published
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Atlantic Alliance Partnership Corp. has filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The maximum proposed price per security was $10, and 7.5 million shares were registered, with an overallotment option for an additional 1.125 million shares, valuing the offering up to $86.25 million. The company will file on the Nasdaq Capital Market under the symbol AAPC.

The sole underwriter for the offering is Citigroup.

Atlantic Alliance is a newly organized blank check company incorporated in the British Virgin Islands as a business with limited liability. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchasing all or substantially all the assets of, or engaging in any other similar initial business combination with one or more businesses or entities, which it refers to as its initial business combination.

The firm has not yet identified any potential business combination target and has not initiated any discussions with any potential business combination target. The company has not conducted any operations, nor has it generated any revenues to date. Atlantic Alliance will not generate operating revenues until after it consummates its initial business combination.

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While Atlantic Alliance may pursue an acquisition opportunity in any industry or sector and in any region, it intends to focus on industries that complement the management team’s background so it can capitalize on its ability to identify, acquire and operate a business. As a result, the company intends to focus on companies in the media, Internet and consumer sector operating in the United Kingdom and Europe, which may include a business based in Europe that has operations or opportunities outside of Europe.

The management breaks down as:

  • Jonathan Goodwin occupies the positions of president, chief executive officer and chairman of the board.

    Mr. Goodwin was previously the founder and CEO of Lepe Partners in 2011, a merchant bank focused on the media internet and consumer sectors. Prior to this he co-founded LongAcre Partners in 2000, which is a middle market boutique investment bank, eventually this was sold to Jefferies in 2007. From 2007 to 2001, Mr Goodwin was head of global TMT (Technology, Media and Telecommunications) in investment banking at Jeffries.

  • Jonathan Mitchell holds the positions of chief financial officer and director.

    Mr Mitchell has worked as an Equities Manager at Cullen Investments before he founded Pacific Capital Partners in 2009. From 2009 to 2013, Mr Mitchell served as CEO to Pacific Capital Partners which is a global investment company and private investment vehicle. He currently serves as a Managing Director at MK Capital Advisors.

  • Mark Klein is a director.

    Mr Klein is a managing member of M. Klein & Company which is an investment holding company. He is also a principal and co-owner of MK Capital Advisors. Mr. Klein has also been a part of numerous other business ventures generally acting as CEO and Chairman, notably, he served as CEO and President of NBGI Asset Management, Inc. and NBGI Securities which were U.S. subsidiaries of the National Bank of Greece from March 2000 to March 2005, long before the warnings of the recession were showing their heads.

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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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