Conyers Park III Acquisition Corp.
CPAAU
NASDAQ Capital Market10.26
USD
+0.02
- -
CIK
0001841137
ISIN
US21289P2011
CUSIP
21289P201
Return %
Stock
S&P500
1Y
3.43
18.21
3Y
2.60
64.38
5Y
2.60
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David J. West
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 999 Vanderbilt Beach Road Naples FL United States of America 34108
- IPO Date
- Aug 10, 2021
- CIK
- 0001841137
- Website
- conyers-park.com
- Similar Companies
- Business
- Conyers Park III Acquisition Corp. is a special purpose acquisition company (SPAC) formed in 2021 and headquartered in Naples, Florida, with a strategic focus on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination primarily in the consumer sector and consumer-related businesses. The company operates as a blank check entity without significant standalone operations, aiming to partner with established or fast-growing consumer businesses to facilitate their access to public markets and provide strategic and operational support. The management team brings extensive experience in consumer industry operations, investing, and corporate governance, with leadership backgrounds at companies such as Gillette, Hershey, and Big Heart Pet Brands. Conyers Park III's main activities involve raising capital through initial public offerings and seeking suitable consumer industry targets for business combination. In terms of product and service scope, Conyers Park III does not manufacture or sell products directly but focuses on investment and acquisition in consumer products and related sectors, leveraging partnerships and significant expertise to identify and support portfolio companies with scale and growth potential. The company’s recent major change is that it redeemed all outstanding shares from its initial public offering on August 11, 2023, and announced it would not consummate an initial business combination, effectively winding down its SPAC activities. Before its close-out, Conyers Park III raised $350 million in its initial public offering in August 2021, targeting consumer sector acquisitions. The company is sponsored by Conyers Park Partners in collaboration with Warburg Pincus, which contributes deep sector knowledge and capital resources to its strategy. As of the latest updates, Conyers Park III has ceased pursuing mergers or acquisitions, positioning it uniquely as a consumer-industry-focused investment platform that decided not to proceed with a business combination after evaluating market opportunities.
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