French SPAC Pegasus Europe Raises 500 mln Euros

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PARIS, April 29 Reuters The Pegasus Europe special purpose acquisition vehicle SPAC launched by Tikehau Capital and others including financier JeanPierre Mustier, has raised 500 million euros 606 million, the parties involved said.

A SPAC is a shell company that raises money in an initial public offering IPO to merge with a privately held company, that then becomes publicly traded as a result.

Investment firm Tikehau Capital is sponsoring the Pegasus Europe SPAC alongside former UniCredit boss Mustier, Financiere Agache which is a group belonging to LVMH luxury goods boss Bernard Arnault, and banker Diego De Giorgi, formerly of UniCredit and Bank of America Merrill Lynch.

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Reporting by Sudip KarGupta; editing by Jason Neely

Source Reuters

 

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