About Quinpario Acquisition Corp. 2
Quinpario Acquisition Corp. 2 intends to focus in the specialty chemicals and performance materials industries in which the partnership has experienced significant global success. Initial focus is to acquire companies with an enterprise value between $700 million and $2 billion.
Quinpario successfully utilized this process with its first special purpose acquisition company to acquire Jason Industries, Inc. in June 2014, a mere 11 months after its initial public offering, which resulted in gross proceeds of $172,500,000, inclusive of the underwriters’ exercise of their over-allotment option in full. Quinpario’s stockholders overwhelmingly approved the acquisition of Jason, with 89 percent of the shares voting, 100 percent of which were voted in favor of the transaction, allowing for the swift completion of the business. In excess of 85 percent of the amount initially placed into trust remained in trust at the closing.