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Saturday January 16th, 2021 11:06PM

Navigation Capital Partners SPAC Operations Significantly Expands SPAC Portfolio

By The Associated Press

ATLANTA--(BUSINESS WIRE)--Jan 11, 2021--

Navigation Capital Partners (Navigation), an Atlanta-based private equity firm, today announced significant expansion of its SPAC Operations portfolio by funding three special purpose acquisition companies (SPACs). Navigation launched its SPAC Operations Group in 2019.

In December 2020, Navigation:

Leveraging the experience, network, and performance history of its principals, the focus of SPAC Operations is to identify and partner with successful CEOs who have proven track records to launch SPACs. Navigation also makes anchor investments in attractive SPAC IPOs and provides “backstops” against investor redemptions for SPACs who are completing their business combinations.

Additionally, Navigation has partnered with the New York Stock Exchange to accelerate and simplify the SPAC life cycle through a proprietary SPAC-in-a-Box TM Operating System. The SPAC-in-a-Box TM Operating System utilizes a concurrent SPAC vehicle and standard processes to protect the at-risk sponsor capital and shorten the time it takes to close a business combination.

The past year gave rise to the most active SPAC market in history with 248 SPACs announced—more than four times the number raised in 2019 and 55 percent of all 2020 IPOs, according to “We’ve laser-focused our attention on SPACs as an investment vehicle as we see compelling opportunities ahead for this arena,” said Larry Mock, managing partner of Navigation. “It’s our vision that the future of SPACs will transform the IPO market, and we intend to lead the way.”

Navigation is accredited as a Diverse Asset Manager by the National Association of Investment Companies (NAIC), and the SPAC Operations team has grown from four part-time employees in April to twelve full-time team members today.

Navigation Capital Partners (NCP) is an Atlanta-based private equity firm focused exclusively on investing in a diverse portfolio of Special Purpose Acquisition Companies (“SPACs”). The principals of NCP formerly founded and managed Mellon Ventures, the private equity investment partnership of Mellon Financial Corporation. With the backing of Goldman Sachs Private Equity Opportunities Fund LP, NCP acquired the private equity portfolio of Mellon Ventures in December 2006. In 2019, NCP launched SPAC Operations Group which builds on the NCP legacy of transforming relatively small, high-growth companies into medium-sized ones and selling them to larger private equity firms to take them to the next level. In the 15 years since its inception, NCP has invested $330 million in 41 portfolio companies, generating attractive returns for its investors. NCP is minority-owned and accredited by the National Association of Investment Companies as a Diverse Asset Manager. For more information, visit .

View source version on businesswire.com:

CONTACT: Meredith Fletcher

404.316.8330

Meredith@PRbyFletcher.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: ACCOUNTING PROFESSIONAL SERVICES FINANCE

SOURCE: Navigation Capital Partners

Copyright Business Wire 2021.

PUB: 01/11/2021 09:30 AM/DISC: 01/11/2021 09:30 AM

http://www.businesswire.com/news/home/20210111005702/en

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