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Hennessy Capital Acquisition Corp. II
Hennessy Capital Acquisition Corp. II was a Houston-based SPAC that raised $300 million in a 2016 IPO to acquire an industrial or tech business.
Hennessy Capital Acquisition Corp. II
Hennessy Capital Acquisition Corp. II was a special-purpose acquisition company formed in 2015 by Daniel J. Hennessy, a veteran of the energy and industrial sectors. The SPAC raised $300 million in its November 2016 IPO on the NASDAQ under ticker HCACU. It targeted businesses in industrial, energy, and technology sectors, with a focus on North American companies. The SPAC structure operated as a blank-check company, holding its capital in trust until a merger was completed. Hennessy Capital Acquisition Corp. II successfully merged with Five Point Holdings in May 2017, an owner and developer of large mixed-use planned communities in California. The merger valued the combined entity at approximately $1.8 billion. Investors were given the option to redeem their shares before the deal closed. No public team headcount, AUM, or additional offices are recorded for the entity, as it was a temporary vehicle. The Hennessy family office oversees a broader set of investments, including Hennessy Capital, a private equity firm focused on energy and industrial growth. The SPAC's operational life was limited to its merger timeline. Hennessy Capital Acquisition Corp. II was fundamentally a vehicle for a single transaction, not a permanent capital pool. Its structure as a SPAC gave it a fixed two-year lifespan to execute a merger, distinguishing it from family offices or traditional asset managers. This architecture reflects the sponsor's approach to deal-by-deal investment rather than ongoing portfolio management.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Houston
Corporate office
Houston, TX, United States
Frequently asked questions
Who founded Hennessy Capital Acquisition Corp. II?
Daniel J. Hennessy, founder and managing partner of Hennessy Capital, sponsored the SPAC through his investment firm (per SEC filings, 2016).
What was the target sector for Hennessy Capital Acquisition Corp. II?
The SPAC targeted companies in industrial, energy, and technology sectors within North America (per the firm's IPO prospectus, 2016). It completed a merger with Five Point Holdings, a mixed-use real estate developer, in May 2017.
How did Hennessy Capital Acquisition Corp. II differ from a family office?
This entity was a special-purpose acquisition company with a finite life and a single acquisition mandate, unlike a family office which manages ongoing capital. The SPAC raised capital from public investors and held it in trust until a merger was approved.
What happened to Hennessy Capital Acquisition Corp. II after the merger?
After merging with Five Point Holdings in May 2017, the SPAC ceased to exist as a separate entity. Its shares were converted into Five Point stock traded on the NYSE under ticker FPH.
Does Hennessy Capital Acquisition Corp. II still exist?
No. As a SPAC, it was a temporary vehicle that dissolved upon completing its business combination. The entity no longer operates independently.
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