K&F Growth Acquisition Corp. II Completes $287.5 Million IPO
Deal News | Feb 06, 2025 | EIN
K&F Growth Acquisition Corp. II has successfully closed its initial public offering, raising $287.5 million through the sale of 28,750,000 units at $10 each, including an over-allotment option taken by underwriters. Each unit consists of one Class A ordinary share and rights to 1/15th of an additional Class A share upon a business combination. The company, a special purpose acquisition company (SPAC), aims to acquire a business in the experiential entertainment industry showing strong growth potential and a capable management team. Led by Edward King and Daniel Fetters, the company is listed on the Nasdaq Global Market under the ticker KFIIU, with shares and rights to separately trade under KFII and KFIIR subsequently. BTIG, LLC acted as the sole book-runner for this offering. This IPO marks an important step for K&F Growth as it seeks strategic acquisition opportunities, with a focus on both organic growth and M&A-led strategies.
Sectors
- Financial Services
- Entertainment
Geography
- United States – The IPO is registered with the U.S. SEC and the company trades on the Nasdaq, implicating significant activity within the United States financial markets.
Industry
- Financial Services – The article involves an initial public offering (IPO), a financial transaction, conducted by a Special Purpose Acquisition Company (SPAC), which is pertinent to the financial services industry.
- Entertainment – K&F Growth Acquisition Corp. II indicates a strategic focus on acquiring companies within the experiential entertainment sector, highlighting the industry's relevance.
Financials
- $287,500,000 – Total gross proceeds from the IPO of K&F Growth Acquisition Corp. II
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| K&F Growth Acquisition Corp. II | Target Company | Company | A blank check company focusing on mergers and acquisitions in the experiential entertainment industry. |
| Edward King | Co-Chief Executive Officer and Co-Chairman | Person | Key executive leader of K&F Growth Acquisition Corp. II. |
| Daniel Fetters | Co-Chief Executive Officer, Chief Financial Officer, and Co-Chairman | Person | Plays a significant role in the financial and strategic leadership of K&F Growth Acquisition Corp. II. |
| BTIG, LLC | Sole Book-Running Manager | Company | Provided underwriting services for K&F Growth Acquisition Corp. II's IPO. |
| U.S. Securities and Exchange Commission (SEC) | Regulator | Government | Oversaw the registration and regulatory compliance for the IPO. |