Investcorp is considering listing a special purpose acquisition company in the UAE, Bloomberg reports, citing people with knowledge of the matter. That would boost momentum for the Middle East’s nascent blank-check market.
The Bahrain-based asset manager, which previously backed luxury brands Tiffany & Co. and Gucci, is working with banks including Moelis on setting up a regional SPAC that could raise as much as $250 million. Read more.
