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    Home»Fundraising»FT Partners, a top fintech deal advisor, is now raising its own $400 million SPAC with a private equity firm
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    FT Partners, a top fintech deal advisor, is now raising its own $400 million SPAC with a private equity firm

    February 13, 20211 Min Read
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    One of the leading financial technology-focused boutique investment banks is raising its own blank-check company after advising on several such deals.

    San Francisco-based FT Partners is teaming up with New York-based private equity firm Bregal Sagemount to launch Independence Holdings, a special purpose acquisition company.

    The duo filed Friday to raise $400 million for the SPAC, advised by Citigroup and Deutsche Bank.

    Independence Holdings is set up to take a financial technology, software, or other tech company public. FT Partners has advised four fintechs going public via SPAC, most recently representing home services platform Porch.com’s $523 million deal with PropTech Acquisition Corporation, which closed on December 23.

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    Source: Business Insider

    By Candy Cheng and Meghan Morris

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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