Pegasus to raise 500 mln euros in Amsterdam SPAC Vehicle to target financial services acquisition (Adds background on SPACs)
LONDON, April 26 (Reuters) - France’s richest man Bernard Arnault and former Unicredit head Jean Pierre Mustier launched the 500 million euro ($605.40 million) listing of their special purpose acquisition (SPAC) in Amsterdam on Monday, the bookrunners on the deal said.
Pegasus Acquisition Company Europe B.V. aims to target opportunities in the financial services sector and joins a wave of similar listings in Europe and the United States.
A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company, that then becomes publicly traded as a result.
Pegasus Acquisition Company Europe B.V.: Pegasus Europe announces key terms and intended listing on Euronext Amsterdam
Offering size of up to €500 million
1 including a €55 million investment by the sponsors
The total commitment by the Sponsors is in excess of €165 million, including an unconditional €100 million Forward Purchase Agreement at the time of a business combination from institutional sponsors Tikehau Capital and Financière Agache.
AMSTERDAM, April 26, 2021 (GLOBE NEWSWIRE) Pegasus Europe, the Special Purpose Acquisition Company (SPAC) focused on opportunities in the European financial services industry, today announces key terms of its proposed private placement and its expected admission to listing on Euronext Amsterdam on or around 29 April 2021.
Pegasus Europe announces key terms and intended listing on Euronext Amsterdam
April 26, 2021 01:30 ET | Source: Pegasus Acquisition Company Europe B.V. Pegasus Acquisition Company Europe B.V. Hoogoorddreef 15, 1101BA, NETHERLANDS
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Offering size of up to €500 million
1 including a €55 million investment by the sponsors
The total commitment by the Sponsors is in excess of €165 million, including an unconditional €100 million Forward Purchase Agreement at the time of a business combination from institutional sponsors Tikehau Capital and Financière Agache.
LONDON France’s richest man Bernard Arnault and former Unicredit head Jean Pierre Mustier launched the 500 million euro ($605.40 million) listing of their…
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