The Latest SPAC News and Rumors: November 8, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: LAMF Global Ventures I explores acquisition of major European football club and Barrows Hotel considers SPAC merger
Football Finance Veteran Harris Eyes Club Takeover Through US SPAC Deal
Sky News reported that LAMF Global Ventures Corp I (NASDAQ:LGVC), which has been set up by two US entertainment industry executives, will explore the acquisition of a major European club during its trawl of potential targets.
LAMF Global Ventures, which is expected to go public later this week, is plotting a $200m fundraising.
Kevin Harris, who is a senior adviser to the SPAC, served as deputy chairman of Everton for two years, and has advised on deals involving clubs such as Aston Villa, Manchester City and West Ham United.
READBarrows Hotel Enterprises Considers SPAC Merger
Barrows, the provider of hotel investment and advisory services for hotels in the Middle East and Africa is considering going public through a SPAC merger to list on the Nasdaq within twelve months.
With a SPAC merger, Barrows could be worth over $500 million. The company has become known for property development and providing financing of hotel real estate in the Middle East and Africa. Additionally, it provides corporate advice for hotel owners and hotel operators. During the Covid-19 Pandemic, Barrows closed long-term partnerships with investors from Russia, Africa and the United States.
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