The new SPAC intends to combine with a high-quality business with operations in any of the healthcare, software, consumer services, IT services, business-to-business or fintech sectors in primarily India, with an enterprise value in excess of $1 billion. Investcorp India is led by Principal Executive Officer Nikhil Kalghatgi, and Principal Financial Officer Dean Clinton.
Total SPAC deal count for 2022 year-to-date is now 64. This offering is expected to close on Thursday, May 12.
Credit Suisse Securities (USA) LLC is the sole book-running manager for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Davis Polk Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.