Italian space company D-Orbit to go public via SPAC at a $1.4 billion valuation
Italian space transportation and services company D-Orbit announced plans Thursday to go public via a SPAC, in a deal that values the venture at $1.4 billion. The deal is expected to add as much as $185 million in cash to D-Orbit’s balance sheet – raising about $88 million through debt, a $5.5 million PIPE (private […]
Pegasus Asia, Tikehau Capital-backed SPAC, debuts in Singapore
A special purpose acquisition company (SPAC), backed by European asset manager Tikehau Capital and a holding firm of LVMH Chairman Bernard Arnault, became the second SPAC to list in Singapore on Friday as Asia investors warm to blank check firms. Pegasus Asia, sponsored by Tikehau Capital and Financiere Agache, Arnault’s holding firm, raised SUS$170 million […]
EToro’s valuation dips over 15% to $8.8 bln after amended SPAC deal
Betsy Cohen-backed blank-check company FinTech Acquisition Corp V said on Thursday it had amended the terms of its merger with Israel’s eToro, cutting the online stock brokerage’s valuation to $8.8 billion from $10.4 billion. The deal with the blank-check company was announced in March and drew investments from venture capital firms SoftBank’s Vision Fund 2, Fidelity […]
CORE Industrial Partners completes Fathom’s NYSE ‘SPAC’ listing
CORE Industrial Partners (CORE), a Chicago-based private equity firm focused on investing in lower middle market manufacturing, industrial technology, and industrial service companies, has completed the initial listing on the New York Stock Exchange (NYSE) of Fathom Digital Manufacturing Corp. (Fathom), a specialist in on-demand digital manufacturing and 3D printing services, through the completion of […]
Digital content platform FaZe Clan to go public in $1 bln SPAC deal
Online content and gaming platform FaZe Clan Inc said on Monday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1 billion. Offerings from FaZe Clan, which was launched in 2010, include online gaming, esports, sports merchandise and digital content that targets millennial […]
Boeing plans to invest in Virgin Orbit’s $ 3.2 billion SPAC listing
Richard Branson’s Virgin Orbit said Boeing will invest in a $ 3.2 billion SPAC listing of a satellite launch startup scheduled for later this year. This investment is because the plane maker’s own space program faces hurdles. Virgin Orbit said it will be listed on the Nasdaq stock market by merging with former Goldman Sachs […]
ReNew Power’s $1 billion SPAC deal may blaze a trail to Wall Street for Indian unicorns
When ReNew Power, one of India’s leading renewable energy producers, merges Tuesday with Nasdaq-listed RMG Acquisition Corp. II, it is expected to become the first Indian company to raise more than $1 billion by combining with a U.S. special purpose acquisition company (SPAC). Investors are watching the deal closely because it could pave the way […]
Vistra launches SPAC and de-SPAC services
Vistra has launch its Special Purpose Acquisition Companies (SPAC) service, which aims to provide a tailored proposition built around the key phases of a SPAC to address each stage of growth – beginning with an IPO through to de-SPACing and business growth. Leveraging Vistra’s extensive expertise across multiple jurisdictions, sectors, and intermediary relationships, Vistra supports […]
Apollo heads to Amsterdam to pioneer first European private equity-led SPAC
Apollo Global Management is planning to launch a blank-cheque firm in Amsterdam in what will be the first such vehicle led by an alternative asset manager to go public in Europe, a source said, crowning a hectic season for buyout funds globally. Apollo is looking to raise about 400 million euros ($472.68 million) from a […]
Autonomous trucking startup Embark to go public in $5.2B SPAC deal
Five-year old self-driving truck startup Embark Trucks Inc. said Wednesday it would merge with special purpose acquisition company Northern Genesis Acquisition Corp. II in a deal valued at $5.2 billion. Embark takes a different approach to autonomous trucking: As opposed to manufacturing and operating a fleet of trucks themselves, which is the route rival TuSimple is […]
