EisnerAmper launches group to provide services for SPACs

EisnerAmper, the accounting, tax and advisory firm, has launched a new group focused on special purpose acquisition companies, or SPACs.

Eisner, which is based in New York but has a major presence in New Jersey, said in a news release that its new team will be comprised of experts in the areas of outsourced support services, cloud accounting, technical accounting, tax planning and consulting, transaction advisory, compensation planning and other advisory services for SPACs and their target companies.

“This is an exciting opportunity for the firm and yet another way that we can grow our practice while providing innovative solutions clients are asking for,” Jay Weinstein, Eisner’s vice chair of industries & markets, said in a prepared statement.

SPACs are entities formed by investors to raise public capital and pursue acquisitions, specifically created to buy an existing private company after an initial public offering process.

The new team will be led by Nina Kelleher, a director with Eisner.

“Due to the complex nature of SPACs, you need a dynamic team of experts in risk management, formation, valuation and the accounting aspects of becoming a public entity,” she said in a statement. “Our specialists are committed to helping companies through the entire process to reach their SPAC goals.”