Buyout firm Primavera Capital and the investing arm of ABC International Holdings are considering forming a blank-check company to list in Hong Kong as the Asian financial hub prepares to welcome the first such vehicles to its stock exchange, Bloomberg reports.
ABCI’s investment banking arm and JPMorgan Chase & Co. are working on the SPAC’s potential IPO. The SPAC could raise a few hundred million dollars, and could target a merger with a firm in the consumer sector. Read more.
