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 (US$126 million) and plans to invest in tech-enabled sectors.
A SUS$150 million SPAC sponsored by Southeast Asian industrial and technology buyout fund Novo Tellus Capital Partners, which got investment from a Temasek unit, among others, lists next week.
Read more/Source: Today
