One Equity Partners Open Water I Corp (OEPW) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. OEPW offers a unique partnership opportunity for a company that will allow them to access the public markets while also benefiting from the investment, operational and industry expertise of our sponsor, One Equity Partners (OEP), a middle-market private equity firm focused on transformative combinations in the technology, healthcare and specialty industrials sectors.
OEPW is the first SPAC vehicle supported by OEP and seeks to invest a U.S.-based company in the technology, healthcare or specialty industrials sectors with a management team and business that is prepared to operate as a publicly listed company.
Founded in 2001, OEP is led by President and Senior Managing Director Dick Cashin and 8 other Senior Managing Directors who have worked together for an average of 14 years. OEP has 70 professionals in New York, Chicago and Frankfurt across investment, research, operations, back office and senior advisor teams.
OEP has a long track record of leveraging its industry, investment and operational expertise to work with management teams to maximize value. Over the past two decades, OEP has invested more than $13 billion of capital across more than 100 platform companies and more than 200 add-on companies, representing over 300 total investments.
OEP identifies companies with revenue growth and outsized economic benefits to scale to help companies realize their full potential by significantly scaling the business through acquisitions, strategic repositioning, and investing capital and other resources to increase capabilities and expand market penetration. OEP is also focused on operational excellence and works with management teams to optimize capital efficiency, sourcing channels and cost infrastructure. Further, OEP is committed to excellence in environmental, social and governance (“ESG”) policies of its target and portfolio companies.