EQV Ventures Acquisition registered to offer 35 million units at $10 each. A unit consists of one Class A share and one-third of a warrant. Whole warrants are exercisable at $11.50 for a share. The energy-focused SPAC has set a 24-month deadline to complete a deal.
The sponsor is an affiliate of the EQV Group, a group of companies focused on the acquisition, management and optimization of predictable cash-flowing asset bases across the traditional energy spectrum. The EQV Group seeks to acquire mature, long-life and low-decline upstream producing oil & gas assets and related midstream infrastructure within the overlooked basins of North America and Europe.
CEO and Director Jerry Silvey also oversees the EQV Group, which he founded in 2022. From 2016 to 2022, Silvey served as a senior investment professional in the Energy & Infrastructure group at Magnetar Capital LLC, where he was responsible for the execution and management of over $2 billion of highly structured direct investments across the energy asset spectrum.
EQV intends to apply for a listing on the New York Stock Exchange under the symbol EQVU.
BTIG is sole bookrunner on this deal. Read more.
