Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»SPAC»Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies
    SPAC

    Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies

    June 4, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Peter Thiel during a Tokyo news conference in 2019. Photographer: Kiyoshi Ota/Bloomberg
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Palantir’s latest investment was announced on Thursday, when Babylon Health said it’s going public through a special purpose acquisition company. A group of investors, including Palantir, committed to invest a combined $230 million into the Babylon transaction.

    Palantir has now agreed to at least six SPAC deals in less than three months. A SPAC is a blank-check company that raises money to buy a private entity through a reverse merger and take it public with the help of financing from additional investors. By participating in the PIPE, or private investment in public equity, Palantir is guaranteed ownership of a certain amount of stock once the transaction closes and the shares in the operating company start trading.

    Beyond the financial returns, Palantir is looking for innovative companies in big markets that can make use of its data tools.

    Palantir has backed companies ranging from drug discovery to robotics and air transport. Last week, it teamed with General Motors in a $100 million investment in Wejo, a U.K.-based developer of connected vehicle data systems. In March, it agreed to invest $41 million in Lilium, an air taxi company that’s developing a seven-seat, electric vertical takeoff and landing aircraft.

    Read more/Source: CNBC

    Related

    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.

    investment Palantir SPAC tech
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Carousell, L Catterton SPAC Merger Talks End Amid Rout

    May 18, 2022

    Surf Air to Go Public Via SPAC Deal at $1.42 Billion Value

    May 18, 2022

    Dating App Grindr to go public in $2.1 billion SPAC deal

    May 10, 2022

    Elliott investment in travel group is rare bright spot for Spacs

    April 25, 2022

    Comments are closed.

    Other Articles

    KLAR Partners funds invest in Oleter Group

    September 13, 2021

    CenterOak Partners acquires HK Solutions Group

    July 15, 2021

    EDP Brasil to acquire solar energy assets of AES unit

    February 28, 2021

    Morgan Stanley Private Equity to take 59.8% stake in Apac Realty, make mandatory general offer

    April 26, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?