Cartesian Growth Corp. II (RENEU) Prices $200M IPO


Cartesian Growth Corp. II (RENEU) Prices $200M IPO

Cartesian Growth Corp. II priced its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RENEU” Friday, May 6, 2022.

The new SPAC intends to focus on established high-growth companies that operate in a manner consistent with the United Nations Principles for Responsible Investment.  The Company’s sponsor is an affiliate of Cartesian Capital Group, LLC, a global private equity firm specializing in providing growth capital to transnational businesses.  Cartesian Growth Corp. II is led by Chairman and CEO Peter Yu, and CFO Beth Michelson.

Total SPAC deal count for 2022 year-to-date is now 63. This offering is expected to close on Tuesday, May 10.

Cantor Fitzgerald & Co. is serving as the sole book-running manager for the offering and Piper Sandler & Co. is acting as co-manager. Greenberg Traurig, P.A. is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.