Edi Truell’s Disruptive Capital Revives European SPAC Market

After almost three months without a single SPAC IPO in Europe, the former founder of Duke Street Capital, Edmund ‘Edi’ Truell, reopened the market in October with a £125 million ($172.5 million) listing on the Amsterdam Stock Exchange for Disruptive Capital Acquisition, Euromoney reports.

Truell is managing partner of the sponsor, Disruptive Capital, a private equity firm he founded in 2008 that is also his family office. His track record, according to the DCAC prospectus, is a lifetime average net realized internal rate of return of approximately 33% from over £9 billion of investments during 27 years in private equity. Read more.

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SPAC Deal Pressure Building: Report

SPACs that IPO'd during the last four months will begin feeling pressure as the competition for great private companies may leave lower-tier SPACs feeling like they are fighting for table scraps, The Street reports.