The global investment management industry is a large and growing industry. According to the Investment Company Institute, worldwide mutual fund assets totaled approximately $17.8 trillion at year-end 2005 compared with approximately $9.6 trillion in 1998, representing a 9.2% compound annual growth rate. In addition to the size and growth profile of the investment management sector, the industry continues to experience trends that create investment opportunities.

According to the Investment Company Institute, in 2005 North America comprised approximately 53% of worldwide mutual fund assets, with Canada as an attractive niche market and the United States as the largest market in the world. The investment management industry has grown significantly over the past 25 years in the United States. The Investment Company Institute estimates that 47.5% of all U.S. households owned mutual funds in 2005, compared with less than 6% in 1980.

In Canada, according to Investor Economics Inc., a consultant to the Canadian financial services industry, the wealth management market, defined as financial instruments and investments held for the purposes of accumulating household financial wealth, totaled approximately C$1.9 trillion at the end of 2004 and is expected to grow at a compound annual growth rate of 7.8% to C$4.0 trillion by the end of 2014. According to the Investment Company Institute, the Canadian mutual fund market, with a record $490.5 billion in assets under management as of year-end 2005, generated 12.6% compound annual growth since 1998.

In the United States, according to the Investment Company Institute, the investment management industry managed a record $9.5 trillion in assets at year-end 2005 compared with almost $3.0 trillion in 1995, representing a 12.2% compound annual growth rate. According to the Investment Company Institute, the U.S mutual fund market, with a record $8.9 trillion in assets under management as of year-end 2005, is the largest in the world, accounting for half of the $17.8 trillion in mutual fund assets worldwide. Snapdata International Group estimates U.S. mutual fund assets will total approximately $12.8 trillion by 2010.

The Company is not presently engaged in, and it will not engage in, any substantive commercial business for an indefinite period of time following the offering.

The Company intends to focus its acquisition efforts primarily in the financial services industry.

Prior to consummation of its initial business combination, the Company will seek to have all third parties, including any vendors, prospective target businesses and other entities.

To date, the Company has not selected any target acquisition on which to concentrate its search for a business combination.

The Company’s entire activity since inception has been to prepare for its proposed fundraising through its initial public offering of its equity securities.

Of the net proceeds from the sale of the units and the private placement of warrants, $97 million, or $110.95 million if the over-allotment option is exercised in full, will be deposited in the trust account.

Additionally, $3 million or $3.45 million if the underwriters\' over-allotment option is exercised in full, of the proceeds attributable to the underwriters\' discount will be deposited into the trust account.