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Investors Can’t Get Enough of Europe’s New SPAC Kingpins This content was published on February 26, 2021 - 17:48 February 26, 2021 - 17:48 (Bloomberg) -- Investors are rushing to back Europe’s emerging SPAC stars, from ex-Credit Suisse Group AG boss Tidjane Thiam to former Deutsche Bank AG dealmaker Garth Ritchie. Thiam raised $300 million for a special purpose acquisition company focused on deals in the financial industry, up from an initial $250 million target, according to a s...

Jumia co-CEO Jeremy Hodara talks African e-commerce and his company’s path to profitability This month, African e-commerce giant Jumia released its second full-year financials for Q4 and its fiscal year 2020. The results were mixed — active customers and gross profit increased, while orders and gross merchandise volume (GMV) fell. A particular feature that has troubled the company since its inception in 2012 was also present, namely persistent adjusted EBITDA and operating losses. However, ...

Investors are pumping billions into the blank-cheque firms that have become the darlings of going public, rather than traditional IPOs.

2150 launches with $240M fund to reduce the carbon footprint of the world’s growing cities A new VC fund, 2150, is launching with the first close of a €200 million ($240 million) fund which will back technologies aimed largely at reducing the carbon footprint of cities. For example, startups that inject carbon into concrete, or monitor the energy of buildings. The final close is anticipated by mid-2021. The advisory board for 2150 includes the former chief sustainability officer in the O...

German venture capitalist Klaus Hommels launched a blank cheque company in Frankfurt on Wednesday through his firm Lakestar, offering a route to the stock market for European tech startups that does not entail crossing the Atlantic.

3 Min Read BERLIN (Reuters) - German investor Christian Angermayer is planning to list a blank-cheque company in New York, embracing a trend that has seen a swathe of entrepreneurs tapping into investor interest in new offerings, two people close to the matter said. His Frontier Acquisition Corp., a special purpose acquisition company (SPAC), is planning to sell shares worth $200 million and will have a biotech focus, the sources said, adding that an official filing could take place in the comi...

Its not every day that people leave their banking jobs for a new career in Mexico, let alone if they were educated in Germany and have been working for banks in London rather than the Americas. However, four bankers in their 20s have done precisely this. So far, things seem to be going very well. Stefan Florea, a former member of Morgan Stanleys global technology investment banking team, his identical twin brother Martin (formerly a private equity junior at Hellman & Friedman), ex-BNP Paribas ...

By Arno Schuetze and Nadine Schimroszik BERLIN (Reuters) - German investor Christian Angermayer is planning to list a blank-cheque company in New York, embracing a trend that has seen a swathe of entrepreneurs tapping into investor interest in new offerings pa, two people close to the matter said. His Frontier Acquisition Corp., a special purpose acquisition company (SPAC), is planning to sell shares worth $200 million and will have a biotech focus, the sources said, adding that an official...

Life House, a tech-enabled brand and management company, has acquired the management contracts of IMPRINT Hospitality’s independent hotel portfolio, which comprises an array of properties across the West Coast. The transaction represents Life House’s first M&A transaction with several more expected to close later in 2021. The IMPRINT Hospitality portfolio features unique independent properties in locations across the West Coast, including the Historic Taos Inn in Taos in New Mexico; Casa Se...

Traveloka, Southeast Asia’s biggest online travel startup, is planning to list in the U.S. this year to raise funds using a special purpose acquistion company, known as SPAC, according to Chief Executive Offer Ferry Unardi. “SPAC is very efficient,” Unardi said in an interview with Bloomberg Television on Tuesday. “If we can do it faster we can then focus on execution and growing the company.” Traveloka may consider to list in Indonesia at a later stage, he added.