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.
Source: Business Insider
By Candy Cheng and Meghan Morris
