TBA - Glenview's Robbins pitches SPACs Fortress Value Thoma Bravo at Sohn conference

May, 12 2021 01:42 PM Thoma Bravo Advantage Class A

Hedge fund manager Larry Robbins pitched SPACs Fortress Value Acquisition Corp. II (FAII), Thoma Bravo Advantage (TBA) and Fast Acquisition Corp. (FST).While Robbins joked that SPACs are now a four letter word, he said some SPACs are worth owning at the charity conference.Fortress Value is in a deal to take ATI Physical Therapy public, while Thoma Bravo Advantage is taking mobile marketing firm IronSource public and Fast Acquisition is taking Fertitta Entertainment public.Robbins said FAII is trading at 14x 22 Ebitda vs public peer at 22.5x. He said IronSouce management projections will likely prove "extremely conservative."Developing story ..

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Glenview's Robbins pitches SPACs Fortress Value, Thoma Bravo at Sohn conference

Company Name:	Thoma Bravo Advantage Class A
Stock Symbol:	TBA
Market:	NYSE

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