Former Intesa CEO prices largest SPAC in Italian history

By Sam Kerr
29 Jan 2018

SPAXS, the special purpose acquisition company (SPAC) of Corrado Passera, the former chief executive of Intesa Sanpaolo and a former Italian minister, attracted a rapturous reception from investors on Friday, allowing it to increase the fundraising to €600m at pricing.

The deal grew from an initial fundraising range of €450m-€500m. Credit Suisse and Banca IMI were the global coordinators on the trade with Equita SIM acting as a joint bookrunner.

“The deal went very well, the SPAC market is very hot right now,” said a banker on the ...

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