How Entrepreneurs Benefit From the Biggest Big-Money Status Symbols of 2020: SPACs - Inc.

John Washlick, shareholder in the firm's Healthcare section, is quoted in an Inc. article, "How Entrepreneurs Benefit From the Biggest Big-Money Status Symbols of 2020: SPACs" regarding the growing popularity of ​special-purpose acquisition companies (SPACs), otherwise known as blank-check companies, among company founders, SPAC founders, and venture investors​.

Private equity firms, says John Washlick, a shareholder at Buchanan, Ingersoll & Rooney's health care practice, are especially looking to get involved in SPACs because they say they can see a more immediate and definitive return on their investments. "They want that 20 percent kicker," says Washlick, who handles transactions related to mergers and acquisitions and joint ventures. "They want to consolidate or invest in a company and flip it to a SPAC, because then they did it, they're out, and they don't still hold paper after it goes through the IPO."