NEW YORK CITY—AR Capital has formed a new entity, AR CapitalAcquisition Corp., a self-proclaimed “blank check company formedfor the purposes of effecting a merger, capital stock exchange,asset acquisition, stock purchase, reorganization or similarbusiness combination with one or more businesses.” The new firm hasintroduced an initial public offering of 30,000,000 units at $10.00per unit.
Citigroup is acting as the sole book runner for the proposedoffering. Ladenburg Thalmann, a subsidiary of Ladenburg ThalmannFinancial Services Inc., is acting as co-manager for the proposedoffering.
AR Capital Acquisition's efforts in identifying a prospectivetarget business will be focused on—but not limited to—the assetmanagement sector. The company's parent firm, an investmentmanagement concern, was co-founded in 2007 by Nicholas Schorsch andWilliam Kahane.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
