General
Altimeter Growth Corp. is a newly formed blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target.
Our sponsor is an affiliate of Altimeter Capital Management, LP (“Altimeter”), a technology-focused investment firm based in Menlo Park, CA and Boston, MA, with approximately $6 billion of assets under management as of August 31, 2020. Brad Gerstner, our Chief Executive Officer, is the founder and CEO of Altimeter.
Our objective is to identify, acquire, and operate a business in a secular-growth area of the technology sector that will compound growth over the long-term for exponential value creation, though we reserve the right to pursue an acquisition opportunity in any business or industry.
Altimeter Capital
Founded in 2008, Altimeter has long focused on both venture capital and public equity investments and is known for its deep expertise in enterprise software and marketplace internet businesses. The firm has a proven track record of successfully investing in leading technology companies in both the private and public markets. Some of Altimeter’s prior investments include Expedia, Zillow, Facebook, Uber, AirBnB, ByteDance, AppDynamics, MongoDB, Okta, Twilio, Unity, and Snowflake.
Altimeter has successfully executed over 50 private transactions with companies in various stages of their life cycle including mid-stage and late-stage investments. The firm prides itself on providing scalable capital, re-investing in high conviction companies to support their growth journeys. Altimeter has helped its private portfolio companies consider strategic options including going public through traditional IPOs and direct listings. Altimeter has also been actively involved as a shareholder in its public company investments. We believe the firm derives unique and differentiated insights thanks to its sector specialization and involvement with both private and public companies. This domain expertise and long-established combination of private and public market know-how make Altimeter a valued partner in our endeavour to find and execute an initial business combination.
As an affiliate of our sponsor, Altimeter will be providing us with resources and expertise. We will leverage Altimeter’s investment team’s capabilities, relationships, network, and deal pipeline to support us in the identification and diligence of potential targets for the initial business combination.
Our Management Team
Our management team is led by Brad Gerstner, our Chief Executive Officer, President and Chairman of our board of directors, and Hab Siam, our General Counsel.
Mr. Gerstner founded Altimeter in 2008 with a mission to build a leading technology focused investment firm and serves as its Chief Executive Officer. Prior to founding Altimeter, Mr. Gerstner was a founding principal at General Catalyst and led technology and internet investments at PAR Capital. Mr. Gerstner is also an operator after founding and leading multiple online search businesses with successful exits, including acquisitions by Interactive Corp, Marchex and Google. Mr. Gerstner currently serves on the board of directors of iHeartMedia. He received his undergraduate degree from Wabash College, a J.D. from Indiana University School of Law and an MBA from Harvard Business School.
Mr. Gerstner is responsible for Altimeter’s investment strategy and has relationships with an extensive network of founders, management teams, investors and advisors. We believe his reputation as a successful investor and track record of advising and supporting management teams will differentiate us as we identify and negotiate an initial business combination with potential target companies.
Mr. Siam serves as Altimeter’s General Counsel and Chief Compliance Officer. Prior to Altimeter, Mr. Siam served as Financial Services Counsel in Washington, DC for Illinois 10th District Congressman Robert Dold, a member of the House Financial Services Committee. Mr. Siam also served as General Counsel and Corporate Secretary for NextG Networks, Inc. and as Corporate Lawyer at Wilson Sonsini Goodrich & Rosati and Kirkland & Ellis. He received his undergraduate degree from University of Illinois and a J.D from Indiana University School of Law.
Our management team is supported by Altimeter’s investment professionals who each have meaningful technology investing experience in both private and public companies and who specialize in identifying disruptive companies with special architectures and world class founders. We believe that Altimeter’s relationships and transaction experience will enable us to identify a significant number of attractive potential business combination targets.