PODCAST

Know Who Drives Return

Boardroom Alpha

Boardroom Alpha's team talks to the public company and SPAC leaders that are driving return for shareholders, delivering on ESG promises, and more.
Is Planet Labs (PL) Ready for Primetime as it Goes Public via DMYQ?CUBI: New Customers Bank CEO Sam Sidhu on Digital Assets, Crypto Banking, and LeadershipSuper Group / SEAH Aim for Global Online Gaming & Betting Wins, with CEOs Neal Menashe and John CollinsWejo CEO Richard Barlow on why Connected Vehicle Data is the Future (SPAC: VOSO)Codere Online (SPAC: DDMX) and the Gaming / Betting Landscape in LatAmESG, Diversity & Activism with Olshan's Elizabeth Gonzalez-Sussman
Now more than ever Environmental, Social & Governance (ESG) are top of mind for management teams.  Olshan partner Elizabeth Gonzalez-Sussman sits down on our podcast to discuss many of these trends, and what companies should be focused on. We touch on activist investors, racial equity audits, and how a little known agitator in Engine 1 successfully won a proxy battle against behemoth Exxon Mobil. Elizabeth is an expert in her field and provides valuable insight on not only what's trending but how we can all do better to push the ESG, in particular diversity, agenda. Topics DiscussedIntro to Elizabeth + OlshanDiversity mandates for public company boardsAre mandates or other methods more effective?Racial equity audits + company dynamicsFuture of disclosure at the SECHow do we get get better at promoting underserved talentTrends in Activism in E + SActivist vulnerability, and XOM / Engine 1ESG Funds and greenwashingNegotiation tacticsRetail investors and effect on activist situationsAbout Elizabeth Gonzalez-SussmanElizabeth represents and provides strategic guidance to hedge funds and other large investors in shareholder activist situations, including large stock accumulations, behind-the-scenes engagements, letter writing, ESG-focused campaigns, exempt solicitations, submitting shareholder proposals, negotiating settlements, proxy contests, hostile takeovers and other activist related M&A activity. She also advises individual directors and management teams in board disputes at private and public companies. Recent representations have included negotiated settlements by various investor groups at Kohl’s Corporation, Bed Bath & Beyond and Big Lots, successful proxy campaigns by investor groups at EQT Corporation and GameStop Corp., and the successful unsolicited acquisition of Perry Ellis International by its founder George Feldenkreis.Elizabeth also assists both public and privately-held companies in mergers and acquisitions, capital raising transactions, tender and exchange offers, and general corporate and securities law matters, including SEC reporting and corporate governance.Prior to joining Olshan, Elizabeth practiced in the corporate finance group of O'Melveny & Myers LLP and in the corporate group of Paul, Hastings, Janofsky & Walker LLP.Learn more about Olshan: https://www.olshanlaw.com/
Oct 26 2021
40 mins
CompoSecure / DBDR Going Beyond Metal Cards into Crypto w/ CEOs Jon Wilk & Don BasileDWAC and Trump / TMTG Make SPACs Great AgainInspirato's CEO, Brent Handler, on their $1.1B SPAC Deal with Thayer Ventures (TVAC)Vacasa's Matt Roberts on their SPAC Deal with TPGSDeep Dive on the Aurora + RTPY SPAC Deal w/ Chris Urmson and Michael ThompsonOkapi's Bruce Goldfarb on Activism, the Rise of Retail, AMC, and SPACs
Bruce Goldfarb, CEO and Founder of Okapi Partners joins David Drapkin on the Know Who Drives Return podcast. Bruce goes deep on what he's seeing in recent proxy seasons, contested M&A, SPACs, AMC, and whether retail investors are good for the markets.Discussion DetailsWho is Okapi Partners?Themes of the current proxy seasonContested M&A situationsGetting SPAC deals passed, and retail investor baseRetail, reddit, and the individual investor dynamicAMC, Adam Aron and new retail strategyAre retail investors good for the markets?Director selection in activist situationsBruce Goldfarb BiographyBruce Goldfarb is Founder, President and Chief Executive Officer of Okapi Partners. He works closely with a wide range of clients including corporations, mutual funds, activist investors and shareholder groups as well as private equity sponsors and hedge funds, in solicitation and investor response campaigns. He focuses on proxy solicitation strategy, execution for mergers and acquisitions, proxy fights and other extraordinary transactions.Prior to establishing Okapi Partners, Bruce was the Senior Managing Director and General Counsel of Georgeson Inc. (now a subsidiary of Computershare Limited), where he headed the Global M&A Advisory Group.Before entering the proxy solicitation business, Bruce was a Senior Vice President of the investment management firm, Scudder, Stevens & Clark, now a part of Deutsche Bank’s Asset Management unit. He joined Scudder as a member of the Legal Department where he concentrated on transactions, including those involving mergers and acquisitions, international matters, alternative investment vehicles, off-shore funds and closed-end funds. Bruce also served as an executive officer of various closed-end funds advised by Scudder. He was the Chairman of Scudder’s Proxy Review Committee and served as the point person for the Scudder Funds proxy solicitation effort relating to the acquisition of Scudder by Zurich Financial Services Group.Bruce began his career as an attorney at Cravath, Swaine & Moore, where he worked for more than six years, specializing in corporate law, mergers and acquisitions, securities transactions and international matters.Bruce holds a J.D. from the Columbia University School of Law. He also earned a B.A. in the History of Art from the University of Pennsylvania concurrently with a B.S. Economics with a concentration in Finance, from the Wharton School.
Oct 11 2021
36 mins
SPACs for the Long-Term with True Wind Capital's Scott Wagner & Tom HeggeInvesting in SPACs for Yield with Jonathan Browne from Robinson Capital
Jonathan Browne from Robinson Capital joins Boardroom Alpha's David Drapkin to talk about SPAC arbitrage. Robinson Capital's SPAX ETF launched in June of 2021 and is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk.Discussion DetailsIntro - Background to RobinsonSPACs as an Alternative to Fixed IncomeSPACs and Yield, Risk-FreeHow do you picks SPACs?State of the SPAC IPO MarketSPAX - the ETFWhat can reinvigorate the SPAC market?Sponsor alignment Gamma squeeze Closed end fundsJonathan Browne BiographyJon serves as a Portfolio Manager and member of the investment management team at Robinson Capital. He jointly oversees the day-to-day management of the Robinson Funds, including its investment strategies and processes, risk management, regulatory compliance, asset allocation modeling, external manager due diligence and selection, and trading. He is also responsible for overseeing the continued growth and advancement of the firm’s CEF and SPAC research efforts, which includes managing Robinson Capital’s proprietary valuation systems.Prior to joining Robinson Capital Management, Jon worked as an Associate Portfolio Manager for Federated Investors, Inc. In that role, he helped manage several income focused, multi-asset class portfolios and SMA portfolios. In addition to his portfolio management responsibilities, Jon also served as a Research Analyst, providing fundamental equity research across various industries.Previously, Jon worked for three years as a Senior Consultant at FactSet Research Systems Inc., where he developed proprietary models and streamlined investment processes for institutional investors, such as hedge fund managers, plan sponsors, and private wealth advisors.Jon holds both a B.S. and MBA in Finance and Economics from Carnegie Mellon University.Learn more about SPAX: https://www.robinsonetfs.com/Learn more about Robinson Capital: https://www.robinsonfunds.com/
Oct 4 2021
23 mins
SPACs, FOMO, and Tail Risk - Matthew Tuttle Captures the MomentumIs Quantum Computing the Next Big Thing? IonQ & dMY CEO Niccolo de Masi Think So.
Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha's David Drapkin about why quantum computing is the next big tech innovation and how investors won't want to miss out. Discussion TopicsIntro IonQ and Quantum computing overviewIonQ's financial and strategic valueCompetitive landscapeRevenue and customer pipelineSPAC RedemptionsFinal message ahead of IonQ shareholder voteThis is the second of two special episodes with Niccolo. Hear Part I on dMY Technology here.About IonQIonQ, Inc. is the leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s 32 qubit quantum computer is the world’s most powerful quantum computer, and IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through both the Amazon Braket and Microsoft Azure clouds, as well as through direct API access. IonQ was founded in 2015 by Chris Monroe and Jungsang Kim based on 25 years of pioneering research at the University of Maryland and Duke University. Learn more at IonQ's website: https://ionq.com/About Niccolo de Masi (CEO of dMY Technology Group)Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.For more on dMY Technology group visit their website at: https://www.dmytechnology.com/
Sep 20 2021
21 mins
Kyle Bransfield and Ruben Minski on the Union Acquisition II / Procaps SPAC Deal
Boardroom Alpha's David Drapkin welcomes Union Acquisition II CEO Kyle Bransfield and Procaps CEO Ruben Minski to the podcast. The deal goes to vote on September 22, 2021 and ex-redemption on September 17, so this will be one of shareholders' last opportunities to hear from the team before deciding to redeem or go long alongside Kyle and Ruben. Investors should note that ~$65M was already redeemed from trust at their extension vote in April 2021.Episode DetailsIntro to ProcapsWhy Procaps going public now?Decision to go via SPAC rather than IPO?Why Union Acquisition?SPAC history for UnionRedemptions + Capital StructurePIPE InvestorsProcaps valuationGrowth prospectsWhere are the risks?Will Union be a longterm partner?Procaps transition to a public companyWill Union continue in SPACsParting words Kyle P. Bransfield, CEO of Union AcquisitionKyle P. Bransfield is co-founder of Union Acquisition Group and has served as our Chief Executive Officer and a director since our inception. He has also served as director of Union I since November 2017 (and currently sits on the audit, compensation, and nominating and governance committees) and served as its Chief Executive Officer from December 2017 until it completed its merger with Bioceres in March 2019. Mr. Bransfield is a Partner at Exos Financial, leading the firm’s SPAC strategy. Mr. Bransfield has over 14 years of experience in direct equity and debt private markets principal investing, capital raising, and investment banking. Prior to joining Exos, Mr. Bransfield was a partner at Atlantic-Pacific Capital, leading the firm’s global direct private placement and structured investment activities from 2015 to 2019. Prior to Atlantic-Pacific, Mr. Bransfield was an investment banker in Sagent Advisors’ Private Financing Solutions Group from 2014 to 2015. Prior to Sagent, Mr. Bransfield spent five years from 2009 to 2014 as a Principal and General Partner at CS Capital Partners, a Philadelphia-based multi-family office focused on alternative investments. In his role there, he co-managed a portfolio of direct investments, served as an observer to several boards of directors, and fulfilled operating roles within portfolio companies. In 2006, Mr. Bransfield began his career in the Mergers & Acquisitions Group at Stifel Nicolaus Weisel. Mr. Bransfield received a B.S. in Business Administration from American University.Ruben Minski, Founder, Chief Executive Officer and DirectorRuben Minski, founder, CEO and president of Procaps Group, with extensive experience and recognition in the pharmaceutical industry. Chemical Engineer from Northeastern University in Boston, Massachusetts, he participated in the Owners/President Management program at Harvard University - School of Business, CEOs' II: The Next Step in Strategic Management and in the CEOs' Management Program at Kellogg School of Management at Northwestern University, USA.
Sep 16 2021
23 mins
Are Niccolo de Masi and dMY the Real SPAC Kings?
Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha's David Drapkin about why they are at the top of the SPAC sponsor tables, how bad actors are stealing value from everyone else in the SPAC market, and why dMY is "long-term greedy."Discussion TopicsIntro w/ Niccolo dMY Overview and value addWhy dMY's deals have been successful SPACs, targets, and projections from bad actorsTransitioning from private to publicInvolvement in PF company boardsFuture of the SPAC marketWhat's next for dMYThis is the first of two special episodes with Niccolo. We'll soon be publishing a second discussion with Niccolo on why quantum computing and IonQ are the next big thing.About Niccolo de Masi (CEO of dMY Technology Group)Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.For more on dMY Technology group visit their website at: https://www.dmytechnology.com/
Sep 13 2021
22 mins
Sarcos CEO Ben Wolff on Robotics and SPACs
Ben Wolff, CEO of Sarcos, talks to Boardroom Alpha's David Drapkin about robots, SPACs, and why investors should be looking at Sarcos as an opportunity to invest.Discussion TopicsIntro to SarcosWhy is now the time to go publicWhy a SPAC? Why Rotor?Who are your direct competitors?Sarcos' Valuation Shareholders + PIPE investors SPAC redemptionsSarcos revenue model Path to revenue projections Potential CustomersImpacts of COVIDPublic company experienceFinal word from BenAbout Ben WolffBen Wolff serves as the Chairman and CEO of leading global robotics company, Sarcos Robotics. In this role, he oversees the strategic direction of the company and engages with the company’s partners, customers and investors.Prior to joining Sarcos, Wolff served as Chief Executive Officer, President and Chairman at Pendrell Corporation from 2009 to 2014. In 2003, Wolff co-founded Clearwire Corporation, where he served as President, CEO and Co-Chairman. Clearwire was sold to Sprint in 2013 for more than $14 billion. Wolff has also served as President of Eagle River Investments, an investment fund focused on telecom and technology investments.Wolff previously served on the board of the Cellular Telecommunications Industry Association (CTIA), and is currently a member of the Board of Visitors of Northwestern School of Law at Lewis & Clark College in Portland, Oregon.Wolff earned his law degree from Northwestern School of Law, Lewis & Clark College in Portland, Oregon in 1994, and his Bachelor of Science degree from California Polytechnic State University in 1991.
Sep 9 2021
29 mins

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