Former UK cabinet minister Amber Rudd is joining new special purpose acquisition company Energy1 as an adviser, Sky News reported.
Sources told Sky that Energy1 plans to float in London and raise between GBP250 million and GBP300 million. It plans to target an acquisition in the renewable energy sector.
An announcement is due by the end of the year, which should note Citi and JP Morgan have been hired to advise on the listing, according to Sky.
Energy1 is being established by start-up investor Sanjay Mehta and David Kotler, a former Lazard and Morgan Stanley investment banker who now runs Access Corporate Finance, an energy and natural resources advisory firm, Sky said. Read more.
