Chief Executive Officer & Director
Chief Operating Officer
Matlin & Partners Acquisition Corp.
New Canaan, CT
Matlin & Partners Acquisition Corporation (NASDAQ: MPACU) is a blank check company incorporated in March 2016 and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
MPACU’s strategy is to identify and acquire a business that is misvalued or underperforming in an industry impacted by market dislocation or regulatory uncertainty, and whose market value and operating results can be positively affected by its management team. The management team members have a combined 68 years of experience setting and implementing strategies to grow revenues and improve profitability, including: engaging in capital markets and other restructuring activities, evaluating, changing or enhancing management when appropriate, pursuing acquisition and divestiture opportunities, and crafting other initiatives, whether through board control or influence or substantial equity ownership of portfolio companies over which MatlinPatterson or Credit Suisse’s Global Distressed Securities Group (while under Mr. Matlin’s management) exercised control.
MPACU is focused on targets that are underperforming as a result of market conditions driven by commodity supply/demand imbalances or periods of regulatory uncertainty surrounding future business activities. Specifically, MPACU believes that targets in or with exposure to the commodity and specialty chemicals, exploration and production, metals and mining, materials, power generation, transportation and infrastructure, refining, financial institutions, specialty lending, healthcare and insurance sectors provide a large opportunity set following the global commodity downturn that began in 2014 and the uncertain regulatory environment. Management believes that increasing leverage, a lack of access to capital markets and regulatory uncertainty have caused many private companies in these sectors to be misvalued and underappreciated and that these trends create excellent opportunities for employing management’s core competencies. However, MPACU may pursue a business combination with a company that is misvalued due to other factors such as lack of strategic direction, an overly burdensome or unsustainable capital structure, an inability to fund capital needs, litigation and corporate fraud.
Following the initial business combination, MPACU intends to evaluate opportunities to enhance shareholder value, including developing and implementing corporate strategies and initiatives to provide financial and operational runway such that the company can improve profitability and long-term value.