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D. Boral Capital and ARC Group Launch Series of SPACs

D. Boral and ARC Group Further Strengthen SPAC Leadership and Global Presence with a Series of SPAC IPOs Beginning in 2025

NEW YORK, NY / ACCESS Newswire / May 5, 2025 / D. Boral Capital, a premier investment bank focused on high-quality mid-market and growth issuers, and ARC Group, a leading global investment bank and management consultancy firm, are proud to join forces on the expected launch of a new series of Special Purpose Acquisition Companies (SPACs). Subject to the applicable rules and regulations, the new series is expected to provide a viable opportunity for companies seeking to go public in the U.S. The initial SPACs from the strategic alliance are expected to enter the public markets in Q2 2025, with plans for a regular cadence of SPAC IPOs to follow each year over the next five years.

“Joining forces with ARC Group on this new series of SPACs is a natural fit, given both companies’ prominence and leadership in the SPAC space,” said David W. Boral, Founder and CEO of D. Boral Capital. “Building on our past successes, this collaboration underscores ARC Group’s confidence in our offerings and the value we bring to our clients in navigating the capital markets.”

“This expanded joint effort is another recognition that our collaboration with D. Boral Capital allows our firms to deploy our international capabilities and deep SPAC knowledge across multiple jurisdictions,” said John Darwin, Managing Director of ARC Group. “With our presence in key financial centers worldwide and proven track record in structuring complex SPAC transactions, together we’re expecting to be uniquely positioned to execute in today’s dynamic capital markets landscape.”

Industry-Leading Expertise

D. Boral Capital’s approach integrates deep industry expertise across investment banking, capital markets, equity research, and brokerage services. The firm has been ranked #1 globally in both SPAC IPOs, Regular Way IPOs, and by the number of new issues since 2022.

ARC Group, renowned for its comprehensive services spanning SPACs, IPOs, M&A, financing, and asset management, has advised on more than $10 billion in transactions. The firm has served as both SPAC and De-SPAC advisor to sponsors and target companies and has been ranked in the top three globally in De-SPAC transactions each year since 2022.

A New Chapter for SPACs

The launch of the new series of SPACs combines ARC Group’s global network and specialized expertise with D. Boral Capital’s innovative financial solutions and market acumen. This expected multi-year collaboration is designed to address the increasing worldwide demand for SPACs, offering businesses an efficient, flexible pathway to U.S. public markets.

D. Boral Capital’s proven success in identifying high-potential acquisition targets and structuring favorable deals intends to complement ARC Group’s international presence and cross-border transaction experience. The planned cadence of SPAC launches demonstrates both organizations’ confidence in the continued viability and evolution of SPACs as a strategic alternative to traditional IPOs.

With ARC Group’s multi-jurisdictional capabilities and D. Boral Capital’s demonstrated experience in creating shareholder value, this strategic alliance represents a powerhouse in the global SPAC landscape, which aims to deliver significant opportunities for investors and growth-oriented companies across diverse industries and regions.

For more information on D. Boral Capital please visit: www.https://https://https://dboralcapital.com/wp-content/uploads/2024/11/Acri_AA.final-removebg-preview-300×51-1-1.pngcapital.com/wp-content/uploads/2024/10/AdobeStock_989639386-scaled-1.jpegcapital.com/wp-content/uploads/2024/10/img_01-e1731003986680-1.pngcapital.com.

For more information on ARC Group, please visit: www.arc-group.com.

About D. Boral Capital

D. Boral Capital LLC is a premier, relationship-driven global investment bank headquartered in New York. The firm is dedicated to delivering exceptional strategic advisory and tailored financial solutions to middle-market and emerging growth companies. With a proven track record, D. Boral Capital provides expert guidance to clients across diverse sectors worldwide, leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America.

A recognized leader on Wall Street, D. Boral Capital has successfully aggregated approximately $30 billion in capital since its inception in 2020, executing over 300 transactions across a broad range of investment banking products.

About ARC Group

ARC Group is a globally based investment bank and management consultancy firm, specializing in bridging Asia and the West. Our services encompass a full spectrum of financial solutions, including IPOs, M&A, financing, venture capital, and SPACs. ARC Group also includes an independent consulting division dedicated to addressing the various challenges faced by companies operating across both Asian and Western markets. Headquartered in Hong Kong, with offices across Mainland China, the USA, Malaysia, Indonesia, Vietnam, India, Sweden, and the UAE, we are well-positioned to provide cross-border financial and advisory services.

Our commitment to anticipating market trends and delivering client-centered solutions has earned ARC Group the Frost & Sullivan 2024 Company of the Year Award in the Asian mid-market investment advisory sector.

No Offer or Solicitation

The potential venture described herein remains subject to a number of contingencies and may not proceed as currently envisioned, or at all. This press release is for informational purposes only and does not constitute a solicitation with respect to any securities or any proposed transaction. It does not constitute an offer to sell or a solicitation of an offer to buy or exchange any securities, or any related instruments, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws. Any offer of securities will be made only by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or pursuant to an exemption therefrom.

Safe Harbor Statement

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties’ perspectives, expectations and joint forces, are forward-looking statements. The words “aims,” “expect,” “believe,” “designed,” “estimate,” “intend,” and “plan” and similar expressions indicate forward-looking statements. Examples of forward-looking statements in this press release include, without limitation, statements regarding the timing and frequency of planned SPAC IPOs, the ability of the parties to complete special purposes acquisition vehicles, identify and acquire high-potential targets, the anticipated benefits of the collaboration between D. Boral Capital and ARC Group, expectations about market demand for SPAC vehicles, and the future role of the joint initiative in the global SPAC ecosystem. These forward-looking statements are inherently uncertain, and actual results and outcomes may differ materially from those described in or implied by such forward-looking statements due to various factors, including changes in capital market conditions, existing and future regulatory developments, the development of the relationship between the parties, the competitive dynamics, the ability to identify suitable acquisition targets, and general economic and geopolitical conditions. Such forward-looking statements are based upon the parties’ current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the parties’ plans as of the date of this press release, and subsequent events including, but not limited, factual, legal and regulatory developments may cause the parties’ plans and expectations to change. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by applicable law or regulation.

Contact Us:
D. Boral Capital
590 Madison Avenue
New York, NY 10022
Main Phone: +1 (212) 970-5150
www.https://https://https://dboralcapital.com/wp-content/uploads/2024/11/Acri_AA.final-removebg-preview-300×51-1-1.pngcapital.com/wp-content/uploads/2024/10/AdobeStock_989639386-scaled-1.jpegcapital.com/wp-content/uploads/2024/10/img_01-e1731003986680-1.pngcapital.com
info@https://https://https://dboralcapital.com/wp-content/uploads/2024/11/Acri_AA.final-removebg-preview-300×51-1-1.pngcapital.com/wp-content/uploads/2024/10/AdobeStock_989639386-scaled-1.jpegcapital.com/wp-content/uploads/2024/10/img_01-e1731003986680-1.pngcapital.com

Contact Us:
ARC Group Limited
10 E. 53rd St. Suite 3001
New York, NY 10022
www.arc-group.com
contact@arc-group.com

SOURCE: D. Boral Capital

Company Profile

D. Boral Capital

Industry: Financial Services

Website: https://dboralcapital.com

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For more information please contact:

Investment Banking

David Lee
Senior Managing Director
Direct: +1 (929) 625 0988
dlee@dboralcapital.com

John Park
Vice President
Direct: +1 (929) 528-0864
jpark@dboralcapital.com

Patrick Lin
Analyst
Direct: +1 (929) 615-2558
plin@dboralcapital.com

Equity Capital Markets

Philip Wiederlight
Chief Operating Officer
Direct: +1 (929) 625-1539
pwiederlight@dboralcapital.com

Mark Iorio
Director, Equity Capital Markets
Direct: +1 (929) 528-0913
miorio@dboralcapital.com

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Ryan J. Whalen

General Counsel

Ryan J. Whalen has been the General Counsel of D. Boral Capital since January of 2023, previously serving as Deputy General Counsel & Head of Litigation at D. Boral Capital, since November of 2021.

Prior to joining D. Boral Capital, Ryan spent over two decades as a litigator representing clients faced with complex business disputes. His experience includes handling securities litigation, financial disputes, corporate governance/director and officer litigation, breaches of fiduciary duty, fraud, professional malpractice, employment law, and whistle-blower claims. Ryan also has experience in the Financial Services industry representing investment banks, hedge funds, public companies, and investors. Most recently, Ryan was a Partner at Gusrae Kaplan Nusbaum PLLC. Law, and prior to that, he was a Partner at Brown & Whalen, P.C.

Ryan holds his Juris Doctor degree from Fordham University School of Law and his bachelor’s degree from the University of Rhode Island.

David W. Boral

Chief Executive Officer & Founder

David W. Boral is the Chief Executive Officer and Founder of D. Boral Capital.

Prior to D. Boral Capital, David held several leadership positions in the Investment Banking and Capital Markets industry. His 16 years of expertise spans both public and private transactions, including IPOs, Secondaries/Follow-On Offerings, SPACs, PIPEs, Reverse Mergers, M&A, Bankruptcy/Restructurings, Cross Listings, and other private and public offerings, in the US and abroad. Most recently, David was Co-Head of Investment Banking & Managing Director at Aegis Capital Corp, and prior to that, he was a Director of Investment Banking, at Maxim Group.

In addition to his work at D. Boral Capital, David is dedicated to improving the world around him, specifically the lives of children and veterans. He currently serves on the advisory board for Keep a Child Alive, a nonprofit organization that provides healthcare, housing, and other support services to HIV/AIDS-affected communities in Africa and India. Additionally, David serves on the board for Lifeline Humanitarian Organization, which was founded by Princess Katherine, to reduce and relieve the suffering of physically and mentally disabled children, orphans, and the elderly, as well as to improve medical facilities in Serbia. He also partners with St. Jude Children’s Research Hospital, Heroes Among Us, and Project Rousseau, through corporate sponsorships.

David holds a bachelor’s degree in Business Administration from the Lubin School of Business at Pace University.

Stephanie (Mengjie) Hu

Co-Head of Investment Banking

Stephanie (Mengjie) Hu has been the Head of Asia at D. Boral Capital since May of 2023, previously serving as Vice President, Asia Investment Banking at D. Boral Capital, since November of 2021.

Stephanie has over 9 years of Investment Banking and Financial Services experience. She has completed over 100 transactions across a wide range of industries, representing over $3.5 billion in aggregate value, and has participated in multiple product offerings including IPOs, Follow-Ons/Secondaries, PIPEs, Private Placement, Uplistings (Re-IPO), Reverse Mergers, Registered Directs, CMPOs, ATMs, SPACs and M&As. Her focus is primarily on serving the financial needs of Asian emerging growth and middle-market companies in a variety of industries.

Stephanie holds a Master’s degree in Finance from the University of Rochester, and she is bilingual in English and Mandarin.

Gaurav Verma

Co-Head of Investment Banking

Gaurav Verma has been covering the Technology, Media, and Telecom sector for over 10 years, and has executed over 100 billion in transactions encompassing sell-side and buy-side M&A, IPOs, SPACs, equity offerings, converts, high yield and investment-grade financings. Mr. Verma has advised C-Suite executive teams on M&A assignments, business development opportunities, growth strategies, and capital allocation policies.

Prior to joining D. Boral Capital, Gaurav was a Director at Nomura, spearheading TMT coverage efforts, and previously, was a Senior Vice President at Bank of America Merrill Lynch, within their TMT Investment Banking Group.

Gaurav received his MBA in Finance and Entrepreneurship from the NYU Stern School of Business and BS in Computer Science and Economics from Rutgers University.

Jared S. Merlin

Chief Compliance Officer

Jared S. Merlin has been the Chief Compliance Officer at D. Boral Capital since November of 2022.

Prior to joining D. Boral Capital, Jared spent nine years as a Managing Director at Credit Agricole Corporate and Investment Bank, serving as the Chief Compliance Officer and Head of Capital Markets Compliance. Jared has over two decades of Compliance experience, providing regulatory advice and oversight to investment banks and broker dealers. Prior to Jared’s tenure at Credit Agricole, Jared held various positions in the Compliance Departments of Knight Capital Americas LLC, and Brown Brothers Harriman & Co.

Jared holds a bachelor’s degree from Syracuse University and an MBA from the NYU Stern School of Business.

Phil Wiederlight

Chief Operating Officer

Phil Wiederlight has been the Chief Operating Officer since November 2023, previously serving as Head of Syndicate, Equity Capital Markets, at D. Boral Capital, since May of 2023.

Phil has spent 15 years in Financial Services, where he has held multiple leadership positions at GoldenTree Asset Management, Sculptor Capital, and JP Morgan. He has completed numerous Capital Markets transactions, which have accounted for several billions of dollars, and has participated in multiple product offerings including IPOs, Follow-Ons/Secondaries, PIPEs, Private Placements, Uplistings (Re-IPO), Reverse Mergers, Registered Directs, CMPOs, ATMs, and SPACs. His experience also includes Cash and Position Reconciliations, Private Equity Structured Products, Trade Settlements, Crypto Settlements, Account Setups, Expense Management, Risk Reporting, and Fund Accounting. Phil has also managed numerous service provider and third-party relationships, which has helped streamline processes and improve internal efficiencies.

Phil holds a Bachelor’s degree in Business Administration from the Miami Herbert Business School at the University of Miami.

Sharad Agrawal

Chief Technology Officer

Sharad Agrawal has been Chief Technology Officer at D. Boral Capital since May of 2023.

Prior to joining D. Boral Capital, Sharad worked in Private Equity in a technology leadership capacity, to improve infrastructure, cybersecurity, and technology operations. Sharad was also Chief Technology Officer at Redwood Capital Management, and prior to that, was Global Head of Information Technology at Eagle Investment Solutions, where he was responsible for all firmwide technology efforts globally. His duties included helping develop custom applications and strategy, while leading compliance, data, digital, engineering, and cloud initiatives.

Sharad will be pursuing an Executive Education-Chief Technology Officer program at University of Pennsylvania beginning Winter 2024.

Ben Reed

Head of Wealth Management

Ben has over a decade of experience in the retail markets, focusing on emerging growth, small, and middle market companies in biotechnology, healthcare, technology, and energy.

Throughout his career, he has helped raise capital for numerous IPOs, secondary offerings, PIPES, and SPACs. He currently holds his series 7, 24, 63, 65, and Insurance Licenses.

He graduated from Villanova University with a Bachelor of Arts degree in Economics and remains an avid Wildcats fan.