An acquisition-focused company will be launched this week on the London stock exchange to raise up to £500 million to bring a privately managed business to the listed market, the Financial Times reports. Marwyn, a London-based sponsor of European-listed acquisition companies, will this week publish its prospectus detailing plans for a form of SPAC.
The group wants to work with existing management teams to bring their companies to the London market using an alternative version of the SPAC format that aims to make it more attractive to investors. Rothschild and Investec are advising the company. The company will be one of the few raising money on the London market this quarter. Bankers say that the market for initial public offerings has effectively been put on hold owing to the combination of the war in Ukraine and economic uncertainty. Read more.
