Maxim Implements SunGard Amid Growing Broker Trend
The firm is probably best known for its handling of bespoke transactions, such as business combination companies─also known as special purpose acquisition companies (SPACs), shell entities often used in leveraged buyouts─as well as private investment into public equity (PIPEs) and traditional initial public offerings.
However, Seth Michaels, the firm's managing director and head of prime brokerage, says that Maxim's VPM installation is more about expanding its all-weather capabilities as an
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