Global Synergy Acquisition announced the closing of its IPO of 25.875 million units, including 3.375 million units issued to the underwriters upon the full exercise of their over-allotment option, at a price of $10 per unit.
The SPAC said it will focus on a business that can benefit from the management team’s operational and investing expertise in the IT Services and Business Process Outsourcing sectors.
The SPAC is led by President and Co-CEO Alok Oberoi and Co-CEO Suresh Vaswani. Oberoi is the executive chairman of the Everstone Group, former co-Founder and chairman of the ACPI Group and a former partner at Goldman Sachs. Vaswani is a former president of Dell Services and former Co-CEO of Wipro’s IT Business. Read more.
