The Latest SPAC News and Rumors: July 2, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Apollo heads to Amsterdam while Abu Dhabi’s Mubadala prepares to launch two SPACs
Apollo Plans Its First European SPAC IPO in Amsterdam
Apollo Global Management Inc. is planning to list a blank-check company in Amsterdam that could raise about 400 million euros ($473 million) for acquisitions.
The private equity firm is working with STJ Advisors LLP on the listing, which could take place in the coming months, according to Bloomberg. Credit Suisse Group AG and JPMorgan Chase & Co. are leading the IPO.
READAbu Dhabi Sovereign Fund Mubadala Prepares to Launch Two SPACs
Investor mania for SPACs has accelerated in the oil-rich Gulf, where Abu Dhabi sovereign fund Mubadala is poised to launch two SPACs and a Dubai-based asset manager is raising $200m to target mergers with companies in the Middle East.
Mubadala Investment Company has been talking to potential investors for two SPACs focusing on technology and healthcare, said the Financial Times. The roadshow comes as Mubadala, which had record profits and growth through 2020, reorients its core areas of investment away from petrochemicals and manufacturing towards new industries, such as technology, healthcare and infrastructure.
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