Investcorp Europe Acquisition I registered to offer 25 million units at $10 each, with each unit consisting of one Class A ordinary share and one-half of a warrant. The sponsor has committed to purchase up to $12.9 million in warrants.
The SPAC’s focus is on companies engaged in business services, consumer and lifestyle, niche manufacturing and technology in the United Kingdom, Northern Europe and, opportunistically, in Turkey.
Chairman Hazem Ben-Gacem is Co-CEO of Investcorp and Co-CEO of CP Holdings Limited.
Citigroup and Crdeit Suisse are joint book-running managers of the offering.
The SPAC intends to apply for a listing on the Nasdaq under IVCBU. Read more.
