GP-Act III Acquisition Corp.

What GP-Act III Acquisition Corp. does

GP-Act III Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) listed on US public markets under ticker GPAT (CIK 0001834526), incorporated in the Cayman Islands and headquartered at 300 Park Avenue, New York. The entity is structured as a tripartite sponsorship partnership among GP Investments, IDS III LLC, and Boxcar Partners III, LLC, combining decades of private equity, public markets, and consumer industry experience. Its stated purpose is to identify, acquire, and bring a high-quality, billion-dollar-plus, US-based or US-focused company to public capital markets through a flexible SPAC structure providing optionality and customization for the target business, with the sponsor team citing 2 prior successfully de-SPAC'd SPACs as execution track record.

The SPAC generates no operating revenue and offers no products or services in the traditional sense. Its only commercial activity to date is the issuance of IPO units consisting of Class A ordinary shares and warrants to public investors, with proceeds held in a trust account while management evaluates acquisition targets. The go-to-market is effectively a single transaction: locate a dominant, public-company-ready target with exceptional brands and differentiated customer value propositions, then execute a business combination. The sponsor network of entrepreneurs, industry executives, and institutional investors serves as the primary deal-sourcing channel. There is no pricing model, no recurring customer relationships, and no technology product underlying the entity's operations.

The company serves a single end beneficiary — the future acquisition target and its management team — by offering an alternative path to public listing compared to a traditional IPO. Leadership includes Antonio Bonchristiano (CEO, also CEO of GP Investments since 1993), Rodrigo Boscolo (CFO), Co-Chairmen Fersen Lambranho and Steven L. Spinner (former CEO and Chairman of United Natural Foods with 28 years in wholesale food distribution), and Directors including Andrew Fleiss (who previously managed the GP Investments SPAC that merged with Rimini Street), Alexandre Ruberti (former President of Red Bull Distribution Company USA), and Sergio Pedreiro (former CFO of Coty Inc. who led its approximately $1 billion IPO, and former COO of Revlon). Revenue is not publicly disclosed and the company has filed no patents, holds no certifications, and reports no AI capabilities.

Name

GP-Act III Acquisition Corp.

Legal name

GP-Act III Acquisition Corp.

Website

https://gp-act3.com

Company type

Public

Operating status

Operating

Short description

GP-Act III Acquisition Corp. (ticker GPAT) is a Cayman Islands-incorporated SPAC sponsored by GP Investments, IDS III LLC, and Boxcar Partners III to acquire and take public a billion-dollar-plus US-based company, with no operating revenue and no technology product.

Ownership category

akta.pro rank

Product category

Special Purpose Acquisition Company (SPAC) / Blank Check Company

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Investment Pools and Funds (5259)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYBPAHAOAL

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

Keywords

• Special purpose acquisition company
• Blank check company
• Public market listing
• Business combination services
• Capital markets advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. SPAC Formation and Management Fees: As a SPAC, the company raises capital through an initial public offering. Revenue is generated from the management and performance fees associated with the trust account, as well as potential earnout arrangements upon successful business combination completion. The sponsors (GP Investments, IDS III LLC, and Boxcar Partners III) provide the founding capital and receive founder shares and warrants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

GP-Act III is a Special Purpose Acquisition Company (SPAC) that raises capital through an initial public offering of units (Class A ordinary shares and warrants) and seeks to identify, acquire, and combine with a high-quality, billion-dollar-plus U.S.-based or U.S.-focused private company in order to bring it to public capital markets. Revenue is generated through SPAC formation, management, and performance fees associated with the trust account, plus potential earnout arrangements upon a successful business combination.

Product overview

GP-Act III Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) structured as a tripartite partnership among GP Investments, IDS III LLC, and Boxcar Partners III, LLC. The company does not offer products or services in the traditional sense; its purpose is to identify, acquire, and bring high-quality, billion-dollar-plus companies to public capital markets through a flexible SPAC structure that provides optionality and customization for target businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• SPAC IPO Unit Offering

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Others

• Ladenburg Thalmann / ICR capital markets advisors: Capital-markets advisory firms supporting SPAC IPOs and de-SPAC transactions, including fairness opinions and PIPE capital raising. Tangentially comparable as ecosystem participants supporting the same set of transactions rather than direct competitors.

Direct peers

• Ares Acquisition Corporation: SPAC sponsored by Ares Management with large blank-check structure seeking a business combination. Comparable scale and sponsor-led origination model targeting large private companies.
• dMY Technology Group: SPAC franchise led by Harry You and dMY CEO Niccolo de Masi; completed multiple successful de-SPACs (Genius Sports, Solid Power). Comparable sponsor track record and sector-flexible model.
• BlackRock Acquisition Corporation: BlackRock-sponsored SPAC, demonstrating that large asset managers use the SPAC structure for principal deployment into operating companies. Comparable in terms of sponsor scale and billion-dollar target ambition.
• Churchill Capital Corp: Michael Klein-led SPAC franchise that executed several high-profile de-SPAC transactions (e.g., Skillsoft). Similar large-cap, flexible-thesis SPAC targeting mature, public-company-ready targets.
• GP Investments Acquisition Corp. First SPAC sponsored by GP Investments; successfully merged with Rimini Street Inc. in 2022. Direct predecessor using same sponsor network and similar billion-dollar-plus acquisition thesis.
• Pershing Square Tontine Holdings: Bill Ackman-sponsored SPAC with uniquely large trust size, exploring structured transactions rather than traditional de-SPACs. Comparable for size of capital pool and creative/optional transaction structure.

Broad incumbents

• TPG Inc. (TPG acquisition vehicles): Large alternative asset manager that has sponsored SPACs and uses similar PE-style underwriting and operational expertise to source and consummate transactions. Comparable sponsor economics and large-cap target sourcing.
• Brookfield Asset Management (public-company M&A): Large alternative asset manager and serial public-company builder; not a direct SPAC but competes for similar transitional capital and large-cap private/public crossover transactions. Adjacent in the same competition for billion-dollar public-market debuts.

Emerging players

• Altimar Sponsor-backed SPACs (e.g., private equity sponsor vehicles): Smaller or single-deal SPACs sponsored by mid-market PE firms, often with overlapping sourcing networks for billion-dollar targets. Comparable product structure with smaller trust size and lighter sponsor backing.

Market position

Strengths4 records

Weaknesses6 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GP-Act III Acquisition Corp.