Periphas Capital Partnering Corporation
PCPC
New York Stock Exchange25.09
USD
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Periphas Capital Partnering Corporation
PCPC
(New York Stock Exchange)
Recent
price
25.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Periphas Capital Partnering Corporation (PCPC) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar partnering transaction with one or more businesses, primarily targeting technology-enabled companies in business services, consumer, and industrial sectors; it offers no current products or services beyond its SPAC structure for identifying and executing such transactions. Incorporated in 2020 and headquartered at 667 Madison Avenue, 15th Floor, New York, New York, the company went public via IPO in December 2020 raising approximately $414 million in proceeds held in trust, led by CEO and co-founder Sanjeev Kishen Mehra, who brings over 30 years of private equity experience from firms including Goldman Sachs. In recent developments, Periphas Capital Partnering Corporation redeemed all outstanding Class A ordinary shares in December 2022, canceling a previously scheduled stockholder meeting and returning funds to investors after failing to complete an initial business combination within its 24-month tenor; concurrently, its affiliated private equity firm Periphas Capital led a $25 million minority investment in FinQuery (formerly LeaseQuery), a SaaS provider of AI-powered lease and contract management solutions, in April 2024 to fuel product innovation, growth, and strategic M&A in the Office of the CFO software market. The company maintains a lean structure with minimal employees and targets long-term shareholder value creation through partnerships with management teams in growth and buyout opportunities across its focus industries, operating principally in the United States with global investment reach via its principals' network.