Private investment firm InterPrivate today filed with the SEC to launch three new SPACs with IPOs totaling $650 million.
The SPACs are led by Chairman and CEO Ahmed Fattouh, who has over 25 years of private equity and M&A experience, according to the S-1 filings. Since 2017, he has been a founder member and CEO of InterPrivate.
InterPrivate II Acquisition registered to offer 20 million units at $10 each with plans for a NYSE listing under IPVA.U.
The SPAC will target sectoirs including auto-tech and mobility, business services, consumer, retail, e-commerce, industrial technology as well as businesses that possess their own differentiated technology. Read more.
InterPrivate III Financial Partners filed to offer 20 million units at $10 each, with the intent to list on the NYSE under IPVF.U.
The SPAC’s concentration on the financial services sector will focus on Asset & Wealth Management; Banking (traditional banking services, core banking infrastructure and platforms); Non-Bank Lending (Commercial, Consumer, Mortgage, Auto-Finance); Payments; Insurance; and Data & Analytics, RegTech, Risk Management. Read more.
InterPrivate IV InfraTech Partners registered to offer 25 milion units at $10 each, with a planned Nasdaq listing under IPVIU.
The SPAC will target high growth businesses in the TMT infrastructure space. Read more.
