Pegasus Entrepreneurial Acquisition Company Europe (Pegasus Entrepreneurs), a Tikehau Capital-sponsored SPAC focused on high-growth entrepreneurial businesses, is to combine with FL Topco BV.

Following the completion of the Business Combination, FL Entertainment NV (FLE), a specialist in independent content production and one of the fastest-growing online sports betting platforms in Europe, will list on Euronext Amsterdam. The first day of trading is expected to take place on 1 July, 2022.
FL Entertainment and Pegasus Entrepreneurs have raised over €645 million in this transaction: €250 million from FLE’s controlling shareholder, approximately €230 million from PIPE investors, approximately €116 million contributed by the SPAC and €50 million from Pegasus Entrepreneurs sponsors Financière Agache and Tikehau Capital as part of their Forward Purchase Agreement.

Read more: Private Equity Wire