Quinpario in the news

May 02, 2017

Roadshow Presentation Regarding Proposed Business Combination

April 03, 2017

Investor Presentation Regarding Proposed Business Combination

April 03, 2017

Quinpario Acquisition Corp. 2 Files Preliminary Proxy Regarding Proposed Business Combination

February 22, 2017

Investor Presentation Regarding Affiliates of Apollo and HGM Agree to Combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to Form Exela Technologies, a Public Company in a Transaction Valued at $2.8 Billion

February 21, 2017

Affiliates of Apollo and HGM Agree to Combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to Form Exela Technologies, a Public Company in a Transaction Valued at $2.8 Billion

Combined Company to be listed on the NASDAQ Global Select Market NEW YORK, Feb. 21, 2017 (GLOBE NEWSWIRE) -- SourceHOV, LLC (“SourceHOV”), Novitex Holdings, Inc. (“Novitex”) and Quinpario Acquisition Corp. 2 (Nasdaq: QPAC, QPACW and QPACU) (“Quinpario”), a publicly traded special purpose acquisition company, today announced that they will combine to create a leading industry-solutions provider for financial technology and business services, delivering mission critical, technology-enabled multichannel information services to over 3,500 blue-chip customers in 55 countries. The parties have entered into a definitive business combination agreement for the proposed transaction, which is expected to close during the second quarter of 2017.

January 19, 2017

Quinpario Acquisition Corp. 2 Shareholders Approve Extension To Consummate Initial Business Combination

Quinpario Acquisition Corp. 2 (Nasdaq: QPAC, QPACW and QPACU) (“Quinpario”) today announced that it has received stockholder approval to extend the date by which it must complete an initial business combination to July 24, 2017 (the “Extension”).

January 17, 2017

Quinpario Acquisition Corp. 2 Signs Letter of Intent to Create Market-Leading Business Process Outsourcing Platform Proposed combination of two privately held companies would create company with pro forma revenue of approximately $1.5 Billion and EBITDA of $385 Million

January 13, 2017

Quinpario Acquisition Corp. 2 Enters into Non-Binding Letter of Intent to Acquire Two Privately Owned Companies with Combined Pro Forma Revenue of Approximately $1.5 Billion and EBITDA of $385 Million

Quinpario Acquisition Corp. 2 (Nasdaq: QPAC, QPACW and QPACU) (“Quinpario”) announced that it entered into a non-binding letter of intent (“LOI”) today to acquire and combine two privately owned companies, forming a market-leading business process outsourcing platform with expertise in financial technology, information services and data processing. These businesses are owned respectively by funds managed by a global private-equity firm with aggregate funds totaling at least $10 billion and a family office-affiliated fund with experience investing globally in sectors relevant to the proposed transaction. There are meaningful synergies and strong industrial logic for these two private targets to combine, which will result in a pro forma company with approximately $1.5 billion of revenue and $385 million of EBITDA. As a result of the compelling nature of the combination, both sponsors have agreed to roll 100 percent of their equity, which would result in combined pro forma ownership by the sponsors in excess of 50 percent. All proceeds from the proposed transaction would be used for deleveraging and for general corporate purposes.

September 10, 2015

Quinpario Partners Realigns Investment Portfolio

Mr. Jeffry N. Quinn, founder of Quinpario Partners LLC and member of the Board of Directors for Ferro Corporation (NYSE:FOE), today announced the sale by Quinpario Partners of 275,000 shares of Ferro common stock. Quinpario Partners will use the proceeds to satisfy capital and liquidity needs for its business unrelated to its investment in Ferro. Mr. Quinn remains a significant beneficial owner of shares of Ferro Corporation.

March 05, 2015

Quinpario Acquisition Corp. 2 Securities to Commence Separate Trading

January 28, 2015

Quinpario Acquisition Corp. 2 Realigns Ownership

Quinpario Partners 2, LLC maintains twenty percent ownership

January 22, 2015

Quinpario Acquisition Corp. 2 Closes $350,000,000 Initial Public Offering

​ST. LOUIS, Missouri, January 22, 2015 /Globe Newswire/-- Quinpario Acquisition Corp. 2 (NASDAQ: QPACU) (the "Company"), a blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities with a focus on the specialty chemicals and performance materials industries, today announced it has completed its initial public offering of 35,000,000 units at $10.00 per unit, for gross proceeds to the company of $350,000,000. The units are listed on the Nasdaq Capital Market under the symbol “QPACU”. Each unit consists of one share of common stock and one warrant to purchase one-half of one share of common stock at an exercise price of $5.75 per half share.

January 16, 2015

Quinpario Acquisition Corp. 2 Announces Pricing of $350,000,000 Initial Public Offering

ST. LOUIS, Missouri, January 16, 2015 /Globe Newswire/-- Quinpario Acquisition Corp. 2 (NASDAQ: QPACU) (the "Company"), a blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities with a focus on the specialty chemicals and performance materials industries, today announced the pricing of its initial public offering of 35,000,000 units at a price of $10.00 per unit for gross proceeds of $350,000,000 on January 15, 2015. Each unit issued in the initial public offering consists of one share of common stock and one warrant to purchase one-half of one share of common stock at an exercise price of $5.75 per half share. The closing of the offering is anticipated to take place on or about January 22, 2015.

December 10, 2014

Quinn to launch Quinpario Capital Management LLC: Will apply proven, activist approach to create significant value for investors

NEW YORK, NEW YORK -- December 10, 2014 /Globe Newswire/ - Mr. Jeffry N. Quinn, founder and managing member of Quinpario Partners LLC, today announced the formation of Quinpario Capital Management LLC, an investment firm focused on generating significant capital appreciation for investors. Mr. Quinn, along with Partner Nadim Z. Qureshi, has created an event-driven, activist-oriented strategy scheduled for launch in January 2015, focused on constructive strategic and operational activism within the chemicals, industrials, general manufacturing and energy sectors. The principals of Quinpario Capital Management have over 35 years of leadership experience within these sectors and will apply a deep understanding of global markets and a proven ability to unlock shareholder value, both as investors and operators.

September 26, 2014

Quinpario Partners LLC Announces Filing of Registration Statement for Proposed Initial Public Offering of Units of Quinpario Acquisition Corp. 2

Will seek to raise $350,000,000 to complete business combination ST. LOUIS, Missouri, September 26, 2014 /GlobeNewswire/ -- Quinpario Partners LLC, a privately owned investment and operating company founded by Mr. Jeffry N. Quinn, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of units of Quinpario Acquisition Corp. 2 (the “Company”). The Company expects to offer 35 million units, each unit consisting of one share of common stock and one warrant that entitles the holder thereof to purchase one-half of one share of common stock at a price of $5.75 per half share, at an offering price of U.S. $10.00 per unit.

September 23, 2014

Quinpario Partners I, LLC Distributes Jason Industries, Inc. Securities to its Members

ST. LOUIS, Missouri, September 23, 2014 /GlobeNewswire/ -- Quinpario Partners I, LLC today announced it has distributed on a pro rata basis for no consideration all of its shares and warrants to purchase shares of common stock in Jason Industries, Inc. (Nasdaq: JASN, JASNW) to its members.

July 21, 2014

Jason Industries, Inc. (Formerly Quinpario Acquisition Corp.) Announces Results of Warrant Tender Offer

Jason Industries, Inc., formerly known as Quinpario Acquisition Corp. (Nasdaq: JASN, JASNW) (the “Company” or “Jason”), today announced the results of its previously announced tender offer to purchase up to 9,200,000 of its warrants at the tender offer price of $1.50 per warrant. The warrant tender offer expired at 11:59 p.m., New York City time, on July 18, 2014. Based upon information provided by Continental Stock Transfer & Trust Company, the depositary for the tender offer, as of the expiration of the tender offer, a total of 4,406,227 warrants have been validly tendered and not properly withdrawn for a total purchase price of approximately $6,609,000. Payment for warrants accepted for purchase will be made promptly.

July 11, 2014

St. Louis Business Journal: M&A Corner: Quinpario Partners see investment quintuple

Jeff Quinn and his fellow investors at Quinpario Partners made their first acquisition last month, just 11 months after their initial public offering, and it’s looking like a good one.

July 07, 2014

JASON INDUSTRIES, INC. (FORMERLY QUINPARIO ACQUISITION CORP.) ANNOUNCES ADDITIONAL INCREASE IN OFFER PRICE AND EXTENSION OF WARRANT TENDER OFFER

June 30, 2014

JASON INDUSTRIES, INC. (FORMERLY QUINPARIO ACQUISITION CORP.) ANNOUNCES SATISFACTION OF BUSINESS COMBINATION CONDITION TO WARRANT TENDER OFFER

June 30, 2014

QUINPARIO ACQUISITION CORP. AND JASON INCORPORATED ANNOUNCE CLOSING OF BUSINESS COMBINATION

Trading of Common Stock under Ticker Symbol JASN to Commence July 1, 2014

June 18, 2014

QUINPARIO ACQUISITION CORP. ANNOUNCES INCREASE IN OFFER PRICE IN WARRANT TENDER OFFER

June 04, 2014

Quinpario Acquisition Corp. Announces Record and Meeting Dates for Special Meeting Relating to the Previously Announced Business Combination with Jason Incorporated; Announces Extension of Cash Tender Offer for Its Warrants

​ST. LOUIS, MISSOURI, June 4, 2014 /PRNewswire/ -- Quinpario Acquisition Corp. (Nasdaq: QPAC, QPACU, QPACW) (“Quinpario” or the “Company”) today announced that it has set a record date of June 16, 2014 (the “Record Date”) and a meeting date of June 30, 2014 for the special meeting in lieu of the 2014 annual meeting of stockholders of Quinpario (the “Special Meeting”) relating to the previously announced business combination between Quinpario and Jason Incorporated (“Jason”).

May 09, 2014

Quinpario Acquisition Corp. Investor Presentation

Quinpario Acquisition Corp. Investor Presentation Acquisition of Jason Incorporated May 8, 2014

May 06, 2014

Quinpario Acquisition Corp. Announces Cash Tender Offer for its Warrants

Quinpario Acquisition Corp. (Nasdaq: QPAC, QPACU, QPACW) (“Quinpario”) today announced that it has commenced a tender offer to purchase up to 9,200,000 of its outstanding warrants at a purchase price of $0.75 per warrant, in cash, without interest, for an aggregate purchase price of up to $6,900,000.

April 03, 2014

Quinpario Acquisition Corp. and Jason Incorporated Receive U.S. Antitrust Clearance in Regard to Pending Acquisition

ST. LOUIS, MISSOURI and MILWAUKEE, WISCONSIN – April 3, 2014 /Globe Newswire/ - Quinpario Acquisition Corp. (Nasdaq: QPAC, QPACU, QPACW) (“Quinpario”) and Jason Incorporated today announced that their request for early termination of the required waiting period with respect to filings made under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), in connection with the previously announced proposed business combination has been granted. Quinpario announced a definitive agreement to acquire Jason Incorporated on March 17, 2014. The early termination of the HSR Act waiting period satisfies one of the conditions to the closing of the pending acquisition. The closing of the transaction is expected to be completed in the second quarter of 2014, pending shareholder approval, and remains subject to other customary closing conditions.

April 01, 2014

Quinpario Acquisition Corp. Receives Commitments to Purchase $45 Million of Preferred Stock

Net proceeds will be used to help consummate the acquisition of Jason Incorporated and to fund robust growth opportunities

March 28, 2014

SCHEDULE 14A Filed March 28, 2014

SCHEDULE 14A (Rule 14a-101) Information Required in Proxy Statement Schedule 14a Information Proxy Statement Pursuant to Section 14(a) of The Securities Exchange Act of 1934

March 18, 2014

Quinpario Acquisition Corp. Investor Presentation

Acquisition of Jason Incorporated March 18, 2014

March 17, 2014

Quinpario Acquisition Corp. Announces Agreement to Acquire Jason Incorporated

Quinpario Acquisition Corp. (Nasdaq: QPAC, QPACU, QPACW) (“QPAC”) today announced it has reached a definitive agreement to acquire Jason Incorporated (“Jason” or the “Company”), from Saw Mill Capital LLC, Falcon Investment Advisors, LLC and other investors. Jason is a global family of market-leading manufacturing businesses within the finishing, seating, components and automotive acoustics markets.

September 30, 2013

Activist Shareholders Push Chemical Firms Into Major Changes

Over the past year, aggressive investors have looked for ways to enhance the stock value of companies. “The chemical industry is ripe for shareholder activism,” says Jeffry N. Quinn, who heads Quinpario Partners, an activist investor firm.

September 24, 2013

Quinpario Acquisition Corp. Common Stock and Warrants to Commence Trading Separately on September 30, 2013

Quinpario Acquisition Corp. (Nasdaq: QPACU), a special purpose acquisition company (SPAC) formed by Mr. Jeffry N. Quinn, former chairman, president and chief executive officer of Solutia Inc., and Quinpario Partners LLC, for the purpose of acquiring or merging with an operating business, primarily focusing on the specialty chemicals and performance materials sectors, today announced that the holders of the Company’s units may elect to separately trade the common stock and warrants underlying the units commencing September 30, 2013.

August 14, 2013

Quinpario Acquisition Corp. Closes $172,500,000 Initial Public Offering

Quinpario Acquisition Corp. (QPACU), a special purpose acquisition company (SPAC) formed by Mr. Jeffry N. Quinn and Quinpario Partners LLC, today announced that it has completed its initial public offering of 17,250,000 units at $10.00 per unit, for gross proceeds to the company of $172,500,000, which includes the underwriters’ exercise of their over-allotment option in full. The units are listed on the Nasdaq Capital Market under the symbol “QPACU”.

August 09, 2013

Quinpario Acquisition Corp. Announces Pricing of $150,000,000 Initial Public Offering

Quinpario Acquisition Corp. (the "Company") (QPACU), a newly-organized blank check company formed for the purpose of acquiring or merging with an operating business in the specialty chemicals and performance materials sectors, today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit for gross proceeds of $150,000,000 on August 8, 2013.

June 19, 2013

Quinpario plans $150 million 'blank check' offering

An investment firm run by former Solutia Chief Executive Jeffry Quinn said Wednesday it plans to raise $150 million through a “blank check” initial public offering.

June 19, 2013

Quinpario plans to raise $150 million for more chemicals investments

Jeffry Quinn’s Quinpario Partners is ready to buy into additional companies and is looking to raise $150 million to do it.

June 19, 2013

Quinpario Acquisition Unveils Plans for $150 Million IPO

Quinpario Acquisition Corp. unveiled plans for an initial public offering of roughly $150 million as the blank-check firm raises funds for potential purchases of other businesses.

May 17, 2013

What is Quinn’s Quinpario Partners up to?

Jeffry Quinn steered chemicals manufacturer Solutia Inc. out of bankruptcy, sold it to Eastman Chemical Co. for $3.4 billion last year, and pocketed $30 million. Then he and five other executives from Solutia formed Quinpario Partners to invest in chemicals companies and recently have been trying to take control of Zoltek Cos. Inc. in St. Louis and Ferro Corp. in Cleveland. We visited with Quinn, Quinpario’s chairman and chief executive, about his vision and plan.

May 08, 2013

Ferro Concedes Two Director Seats to Dissident Nominees

Ferro Corp. (FOE), a U.S. chemical company that rejected an unsolicited takeover offer, agreed to concede two board seats to dissident director nominees who have criticized the company’s performance.

May 08, 2013

Ferro, Shareholder Group Agree on Slate of Board Nominees

Ferro Corp. (FOE) has agreed with a group of shareholders on which nominees to back at the specialty chemical company's annual shareholders meeting next Wednesday.

May 08, 2013

Ferro and the FrontFour-Quinpario Group Reach Agreement

Ferro Corporation (NYSE: FOE) (the “Company”) and the FrontFour Capital Group and Quinpario Partners (the “FrontFour-Quinpario Group”) today announced that they have reached an agreement in connection with the Company’s 2013 Annual Meeting of Shareholders.

May 02, 2013

The Shareholder Committee for the Future of Ferro Issues Open Letter to Shareholders of Ferro Corporation

The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issued an open letter to the shareholders of Ferro Corporation (NYSE: FOE).

May 01, 2013

Quinn wins endorsement to Ferro board

A proxy advisory service has recommended Jeffry Quinn for election to the board of Ferro Corp., a Cleveland chemicals manufacturer that he has pledge to turn around.

May 01, 2013

ISS endorses Quinn for Ferro board

Former Solutia Chief Executive Jeffry Quinn has won an important endorsement in his battle for a board seat at Ferro, a materials company based in Mayfield Heights, Ohio.

May 01, 2013

Institutional Shareholder Services (ISS) Recommends Ferro Corporation Shareholders Vote To Elect Nominees Of The Shareholder Committee For The Future Of Ferro At Upcoming Annual Meeting

The Shareholder Committee for the Future of Ferro, a significant shareholder of Ferro Corporation (FOE), today announced that Institutional Shareholder Services (ISS), a leading independent proxy voting advisory firm, has recommended that Ferro shareholders vote on the Committee's GREEN proxy card to elect two of the Committee's highly-qualified nominees, Jeffry N. Quinn and David A. Lorber.

May 01, 2013

Ferro Investors Advised by ISS to Vote for Two Dissidents

Shareholders of Ferro Corp. (FOE), a U.S. chemical company fending off an unsolicited takeover offer, should vote for two of three dissident director nominees, according to proxy advisory firm Institutional Investor Services Inc.

April 26, 2013

The Shareholder Committee for the Future of Ferro issues this presentation highlighting the need for change at Ferro

April 23, 2013

Gabelli-led group boosts its Ferro Corp. stake above 16%

A group of investment firms connected to Mario J. Gabelli has increased its stock holdings in specialty chemical maker Ferro Corp. of Mayfield Heights, according to information filed today with the U.S. Securities and Exchange Commission.

April 23, 2013

Ferro Seen Securing Decade-High Chemical Bid: Real M&A

Ferro Corp. (FOE) shareholders are betting an increased takeover offer from A. Schulman Inc. and a push from activists to overhaul the board will compel the chemical company’s management to agree to a deal. Ferro, a Mayfield Heights, Ohio-based maker of chemicals used in coatings and ceramics, said March 4 it had rejected an offer of $6.50 a share — that it later called a “low-ball” bid — from plastics maker Schulman, based about 34 miles (55 kilometers) away in Akron, Ohio. With Schulman reiterating yesterday it may raise the bid if it can look at Ferro’s books, the stock has traded above the offer every day as investors wager the takeover succeeds at a higher level. Credit Suisse Group AG estimates a winning bid to be $7.50 a share, while First Analysis Securities Corp. says it may be as much as $9.

April 18, 2013

The Shareholder Committee For The Future Of Ferro Issues Open Letter To Shareholders Of Ferro Corporation

The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issued an open letter to the shareholders of Ferro Corporation (NYSE: FOE).

April 09, 2013

Quinpario: More Chemical Companies Need `Reinvigoration’

Quinpario Partners LLC, a private- equity fund seeking changes at Ferro Corp. (FOE) and Zoltek Companies Inc., expects to take active stakes in more chemical and materials companies needing “reinvigoration,” Chairman and Chief Executive Officer Jeffry Quinn said.

March 28, 2013

Quinn-led investors, Zoltek reach truce

An investment group led by Jeffry Quinn has agreed to table its attempt to oust Zoltek Cos.’ board of directors and to replace it with its own slate of candidates as it engages in talks with the company.

March 15, 2013

Quinpario Partners Demands Zoltek Immediately Call Special Meeting of Shareholders

Quinpario Partners LLC issued a statement today in response to a letter it has received from outside counsel to Zoltek Companies, Inc. ("Zoltek" or the "Company") (Nasdaq: ZOLT) indicating that Zoltek does not intend to comply with Quinpario's March 4th written request that the Company call a special meeting of shareholders for purposes of removing the entire current Board and electing five highly qualified Quinpario nominees to fill the vacancies (the "Special Meeting").

March 07, 2013

Zoltek Rebuffs Offers, But Quinn Isn't Going Away

On March fifth, St. Louis, MO based carbon fiber manufacturer Zolek’s (NASD:ZOLT) shares jumped 14% to $10.52, having traded as high as $11.70 intraday when Quinpario Partners LLC and allied investors disclosed a 10.13% stake in the company.

March 07, 2013

The Shareholder Committee for the Future of Ferro Comments on Ferro's Rejection of A. Schulman's Offer to Acquire Ferro for $6.50 Per Share

The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issues an open letter to the shareholders of Ferro Corporation (NYSE: FOE) commenting on Ferro's rejection of A. Schulman's offer to acquire Ferro for $6.50 per share and expressing its disappointment with Ferro's financial results for the fourth quarter and full-year ended December 31, 2012.

March 05, 2013

Ex-Solutia CEO seeks to oust Zoltek board

After a failed bid to buy Zoltek Cos., an investment group led by Jeffry Quinn now is seeking control by ousting the company’s board of directors, arguing a new board is needed to re-energize the carbon fiber maker’s financial performance.

March 04, 2013

Quinpario Partners Discloses Group Ownership of 10.13% in Zoltek

Quinpario Partners LLC announced today the formation of a group consisting of highly competent and reputable investors and director candidates with respect to Quinpario's investment in Zoltek Companies, Inc.

February 20, 2013

Preliminary Proxy Statement of The Shareholder Committee for the Future of Ferro

February 07, 2013

The Shareholder Committee For The Future Of Ferro Issues Open Letter To Shareholders Of Ferro Corporation

The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, today issued an open letter to the shareholders of Ferro Corporation (NYSE: FOE) commenting on the sale of Ferro's solar pastes assets and reiterating the Committee's belief that change is needed at Ferro.

January 24, 2013

The Shareholder Committee for the Future of Ferro Nominates Three Highly Qualified Independent Directors for Election to the Board of Directors of Ferro Corporation

The Shareholder Committee for the Future of Ferro, headed by FrontFour Capital Group LLC and Quinpario Partners LLC, announced today that it has notified Ferro Corporation (NYSE: FOE) of its intention to nominate three highly qualified individuals for election to the Board of Directors of the Company at the 2013 Annual Meeting of Shareholders.