Xavier Niel co-sponsors new Spac to shake up organic food sector

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By Sam Kerr
30 Nov 2020

Three of France’s best known entrepreneurs have partnered up to launch a special purpose acquisition vehicle (Spac) on the French stock exchange, which is seeking to invest in organic and sustainable consumer goods. The deal has made a fast start on its first day of book building.

Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari are the sponsors of 2MX Organic, a Spac that will invest in firms which produce and distribute socially and environmentally conscious consumer goods, most likely food.  

Niel and Pigasse have sponsored a Spac before, Mediawan, in 2016. The deal was France’s first ...

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