One Equity Partners Open Water I, a blank check company formed by One Equity Partners, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by CEO and Co-Chairman Todd Bradley, who recently joined One Equity Partners as an Operating Partner and currently serves on the boards of Mattel (NASDAQ: MAT), Commvault (NASDAQ: CVLT), and Kodak (NYSE: KODK). He is joined by Co-Chairman James Koven, who is a Senior Managing Director at One Equity Partners, and CFO Jessica Marion, who currently serves as CFO of One Equity Partners. One Equity Partners Open Water I intends to target businesses in the technology, healthcare, and specialty industrials sectors.
One Equity Partners Open Water I plans to list on the Nasdaq under the symbol OEPW.U. Credit Suisse and RBC Capital Markets acted as lead managers on the deal.
