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Tidjane Thiam's SPAC in merger talks with Credijusto, CIAL Dun & Bradstreet - FT leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Euromoney Billionaire families stand behind Tidjane Thiam's spac euromoney.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euromoney.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Francois Pinault, the billionaire founder of luxury conglomerate Kering SA, has emerged as the latest French tycoon to plow into the booming SPAC world.Pinault, 84, bought a stake in former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam’s blank-check firm, a spokeswoman for the businessman’s holding company confirmed in response to Bloomberg queries. The investment in Freedom Acquisition I Corp. was made in Pinault’s personal capacity.Freedom Acquisition started trading in the U.S. at the end of February, raising $345 million after Thiam increased the size of the transaction. The offering recorded an oversubscription level in the mid-teens, people with knowledge of the matter said. About one-third of the deal went to family offices, one of the people said, asking not to be identified because the information is private.Units of Freedom Acquisition were unchanged at $10.10 at the close Wednesday in New York. Thiam has been on the board of ....
Bernard Arnault helps Europe jump aboard the Spac bandwagon The market for blank cheque firms has got off to a slow start on this side of the Atlantic – but it is growing 17 February 2021 • 6:00am Bernard Arnault, one of the world’s wealthiest men, amassed his fortune through savvy M&A deals over a four-decade-long career, so it should come as little surprise that the LVMH boss is taking the European lead on the latest dealmaking craze: special purpose acquisition vehicles – or “Spacs”. Spacs are types of “blank cheque” firms typically listed as a cash shell on a stock exchange with a promise to swoop on a takeover target. ....
Ex-Credit Suisse CEO Thiam, Pimco Team Up for $250 Million SPAC Bloomberg 2/10/2021 Jan-Henrik Förster and David Hellier (Bloomberg) Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam is teaming up with Pacific Investment Management Co. for a blank-check company that’s seeking to raise $250 million. Freedom Acquisition I Corp. plans to offer 25 million units at $10 apiece in its U.S. initial public offering, it said in a filing Wednesday. Pimco, the investment unit of Allianz SE that manages about $2 trillion of assets, is a co-sponsor of Freedom Acquisition and plans to buy as much as 9.9% of the offering. ....