Kyle Bransfield and Ruben Minski on the Union Acquisition II / Procaps SPAC Deal

by | Sep 16, 2021

Boardroom Alpha’s David Drapkin welcomes Union Acquisition II CEO Kyle Bransfield and Procaps CEO Ruben Minski to the podcast. The deal goes to vote on September 22, 2021 and ex-redemption on September 17, so this will be one of shareholders’ last opportunities to hear from the team before deciding to redeem or go long alongside Kyle and Ruben. Investors should note that ~$65M was already redeemed from trust at their extension vote in April 2021.

Episode Details

  • Intro to Procaps
  • Why Procaps going public now?
  • Decision to go via SPAC rather than IPO?
  • Why Union Acquisition?
  • SPAC history for Union
  • Redemptions + Capital Structure
  • PIPE Investors
  • Procaps valuation
  • Growth prospects
  • Where are the risks?
  • Will Union be a longterm partner?
  • Procaps transition to a public company
  • Will Union continue in SPACs
  • Parting words 

Kyle P. Bransfield, CEO of Union Acquisition
Kyle P. Bransfield is co-founder of Union Acquisition Group and has served as our Chief Executive Officer and a director since our inception. He has also served as director of Union I since November 2017 (and currently sits on the audit, compensation, and nominating and governance committees) and served as its Chief Executive Officer from December 2017 until it completed its merger with Bioceres in March 2019. Mr. Bransfield is a Partner at Exos Financial, leading the firm’s SPAC strategy. Mr. Bransfield has over 14 years of experience in direct equity and debt private markets principal investing, capital raising, and investment banking. Prior to joining Exos, Mr. Bransfield was a partner at Atlantic-Pacific Capital, leading the firm’s global direct private placement and structured investment activities from 2015 to 2019. Prior to Atlantic-Pacific, Mr. Bransfield was an investment banker in Sagent Advisors’ Private Financing Solutions Group from 2014 to 2015. Prior to Sagent, Mr. Bransfield spent five years from 2009 to 2014 as a Principal and General Partner at CS Capital Partners, a Philadelphia-based multi-family office focused on alternative investments. In his role there, he co-managed a portfolio of direct investments, served as an observer to several boards of directors, and fulfilled operating roles within portfolio companies. In 2006, Mr. Bransfield began his career in the Mergers & Acquisitions Group at Stifel Nicolaus Weisel. Mr. Bransfield received a B.S. in Business Administration from American University.

Ruben Minski, Founder, Chief Executive Officer and Director
Ruben Minski, founder, CEO and president of Procaps Group, with extensive experience and recognition in the pharmaceutical industry. Chemical Engineer from Northeastern University in Boston, Massachusetts, he participated in the Owners/President Management program at Harvard University – School of Business, CEOs’ II: The Next Step in Strategic Management and in the CEOs’ Management Program at Kellogg School of Management at Northwestern University, USA.

<a href="https://www.boardroomalpha.com/author/draps/" target="_self">David Drapkin</a>

David Drapkin

Spent his formative years at Goldman Sachs and now embraces the start-up life in NYC. A long suffering Oakland (Las Vegas) Raiders fan and graduate of the Wharton School at the University of Pennsylvania. Semi-professional go-kart racer waiting for his shot.

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