Star Peak II STPC.U = 1C + 1/4W (no IPO yet)
1W + $11.50. Call $18.
Term = 24 months.
Trust = $10.00. $350,000,000 ($10.00 per unit), or $402,500,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit), will be deposited into a US account @ J.P. Morgan Chase Bank with Continental Stock Transfer & Trust Company as trustee.
CREDIT SUISSE & GOLDMAN SACHS & CO. LLC
Although we may pursue our initial business combination in any business, industry or geographic location, we currently intend to focus our efforts primarily on identifying businesses seeking to be a market leader in, and/or benefit from the increasing global initiatives to improve sustainability and/or reduce global emissions.
- To that end, we intend to seek opportunities that capitalize on the expertise and ability of our management team to identify and transact with a business in the broadly-defined sustainability sector. This industry includes, but is not limited to, clean energy and power (including generation, storage, smart grid technologies and hydrogen technologies and fuel cells), sustainable food and agriculture, transportation (including electric vehicles, mobility and fueling or charging infrastructure), resource management (including energy efficiency and carbon capture), environmental services (including waste management, pollution control, water and recycling) and technology enabled sustainable solutions (including supply chain management) (collectively, “Sustainability”) in North America.
Since its founding, MTP Group has made 28 investments in energy infrastructure companies in conjunction with Triangle Peak Partners, LP (“TPP”). Co-founded by our Chairman, Michael C. Morgan, TPP manages venture capital and private equity investments in technology, energy, energy infrastructure and renewables. Since 2004, Mr. Morgan has served as President and Chief Executive Officer of Portcullis Partners, LP, a private investment partnership and one of TPP’s largest limited partners. Since 2008, funds managed by TPP have made 48 venture capital investments, many in conjunction with other venture capital firms. In total, over 400 venture capital firms and angel investors have been co-investors with TPP.
Mr. Morgan also serves as the lead director of Kinder Morgan, Inc. (NYSE: KMI), one of the largest energy infrastructure companies in North America. With an enterprise value of over $60 billion, KMI owns an interest in or operates approximately 70,000 miles of natural gas pipelines, 10,000 miles of liquids pipelines and 150 terminals, spanning all major resource basins and demand centers in the United States. Mr. Morgan joined Kinder Morgan at its founding in early 1997 and headed Kinder Morgan’s corporate development efforts until 2001, completing 23 acquisitions worth over $5 billion. He then served as president of KMI until 2004. Mr. Morgan is also the Chairman of the Board and a director of STPK I. Mr. Morgan received an MBA from Harvard Business School and both a BA in Economics and an MA in Sociology from Stanford University. He volunteers on several Stanford-related boards and serves as co-chairman of Stanford’s Precourt Institute for Energy Advisory Council.
Eric Scheyer, our Chief Executive Officer and a director, has long-standing relationships and significant experience investing in the energy infrastructure and renewables sectors. Mr. Scheyer is a Partner at Magnetar and has served as the Head of the MTP Group since inception. Mr. Scheyer is a member of Magnetar’s management committee and investment committee, and is the Chairman of the MTP Group’s investment committee. Mr. Scheyer is also the Chief Executive Officer and a director of STPK I. Mr. Scheyer serves on the board of directors of Great Elm Capital Group, Inc, Vesper Energy Development LLC and Lightstar Renewables LLC (Magnetar portfolio companies operating in the utility scale solar and distributed solar space) and previously served on the board of managers of the general partner of Lightfoot Capital Partners, LP and on the board of Arc Logistics Partners LP. Mr. Scheyer received a BA from Trinity College.
Craig Rohr, our President, has significant experience investing in sustainability and environmentally friendly business. Mr. Rohr joined Magnetar in 2009 and is a Managing Director in MTP Group. Prior to joining Magnetar, Mr. Rohr worked at First Reserve Corporation, a global control private equity and infrastructure investment firm. Based in London, England, Craig focused on First Reserve's portfolio company investments across North America, South America & Europe. Before joining First Reserve, Mr. Rohr worked at Citigroup in the firm's Global Energy Investment Banking Group in New York. Mr. Rohr currently serves on the boards of directors of Vesper Energy Development LLC and Lightstar Renewables LLC (Magnetar portfolio companies operating in the utility scale solar and distributed solar space). Mr. Rohr earned a B.S. in Finance & Business Economics from the University of Notre Dame, where he graduated magna cum laude.