HPX

HPX Corp

SPAC


Presented:01/22/2021
Price:10.45
Cap:$0.33B
Current Price:$5.44
Cap:$0.33B

Presented

Date01/22/2021
Price10.45
Market Cap$0.33B
Ent Value$0.33B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily Vol60,920
Short IntN/A

Current

Price$5.44
Market Cap$0.33B
HPX Corp. intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Wilmington, Delaware.

Publicly traded companies mentioned herein: Altimeter Group Corp 2 (AGBC), Bank of America Corp (BAC), HPX Corp (HPX), Kraft Heinz Co/ The (KHC), Restaurant Brands International Inc (QSR)

Highlights

The presenter is long shares of HPX Corp (HPX) a pre-deal SPAC sponsored by Co-Chairmen Bernardo Hees and Rodrigo Xavier. Hees was a partner at private equity firm 3G Capital and has been the CEO of both Kraft Heinz and Burger King. Xavier has 25 years of experience in the Brazilian financial sector, most recently serving as CEO and Chairman of the board of directors at Bank of America Merrill Lynch Brazil. Additionally, Carlos Piani, who was the Head of Strategic Initiatives and M&A at Kraft Heinz, serves as the group’s CEO and CFO. With HPX, the team is targeting businesses within Brazil (the presenter believes they could be targeting Latin America more broadly) where they have previous industry experience and/or that would benefit from long-term growth in the Brazilian economy. Based on experience the focus would most likely be consumer goods and restaurants, but the presenter feels they could also be targeting Brazilian businesses in higher-growth industries like technology. Including the aforementioned sponsors, the presenter believes HPX is interesting for the following reasons:

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Idea Discussion

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