By Reuters Staff
1 Min Read
PARIS, April 29 (Reuters) - The “Pegasus Europe” special purpose acquisition vehicle (SPAC) launched by Tikehau Capital and others including financier Jean-Pierre Mustier, has raised 500 million euros ($606 million), the parties involved said.
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.
Investment firm Tikehau Capital is sponsoring the Pegasus Europe SPAC alongside former UniCredit boss Mustier, Financiere Agache which is a group belonging to LVMH luxury goods boss Bernard Arnault, and banker Diego De Giorgi, formerly of UniCredit and Bank of America Merrill Lynch.
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LVMH-backed fund buys majority stake in Birkenstock Reuters Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Birkenstock has agreed to sell a majority stake to LVMH-backed private equity firm L Catterton, it said on Friday, in a deal that brings the maker of comfy, blocky sandals in the orbit of the French luxury powerhouse.
The family-owned German company did not disclose financial details of a deal it said would help it to grow in China and India as well as expand its online business.