Hudson Executive Investment Corp. (NASDAQ: HEC) is a special purpose acquisition company that raised $414 million in a June 2020 initial public offering.
The company was co-founded by Hudson Executive Capital LP, a value-oriented investment firm with a focus on small and mid-cap companies, Douglas L. Braunstein, its founder and managing partner, and Douglas G. Bergeron, its managing partner.
On January 13, 2021 Hudson Executive Investment Corp announced that it had entered into a definitive merger agreement with Talkspace, the leading digital and virtual behavioral healthcare company.
The combined company will operate as Talkspace and intends to be listed on NASDAQ under the symbol "TALK". The transaction values Talkspace at an initial enterprise value of $1.4 billion and will provide the company with $250 million of cash, to be used as growth capital.
Prior to founding Hudson Executive Capital, Douglas L. Braunstein was the Chief Financial Officer of JPMorgan Chase from 2010 to 2012 and its Vice Chairman from 2013 to 2015.
As a leading investment banker and trusted corporate advisor, Mr. Braunstein has been instrumental in originating, structuring, negotiating and advising on many significant transactions across the Company's sectors of focus.
Prior to his role as CFO of JPMorgan Chase, Mr. Braunstein served in several leadership positions at the bank, including Head of Investment Banking in the Americas, Head of Global M&A and Global Industry Coverage and Head of Healthcare Investment Banking, as well as serving on the Investment Bank Management Committee for over ten years.
Mr. Bergeron's expertise in the financial services sector, FinTech in particular, and the technology industry spans over 35 years, including 12 years as the Chief Executive Officer of Verifone Systems, Inc., a provider of technology for electronic payment transactions and value-added services at the point-of-sale.
As CEO, he led Verifone from sales of under $300 million in 2002 to over $2 billion and over 5,000 employees worldwide in 2013 and an enterprise value in excess of $4 billion.
Prior to leading Verifone, Mr. Bergeron was CEO of SunGard Brokerage Systems Group and President of SunGard Futures Systems, which provided software and services to a variety of trading institutions, banks, futures brokerages, derivatives exchanges and clearing and settlement services providers.
Mr. Dobres is CFO and Head of Corporate Development at Hudson Executive Investment Corp and an investment professional at Hudson Executive Capital.
Prior to joining Hudson Executive, he served as a Managing Director at Flexis Capital, where he sourced, structured, and executed middle-market private equity investments.
Before joining Flexis Capital, he served as Vice President at PSAM, a multi-strategy hedge fund, and worked in the TMT investment banking group at Bear Stearns & Co.
Mr. Dobres began his career as an M&A lawyer working with financial institution and TMT clients at Sullivan and Cromwell.