Mustier leads wave of Spac IPOs in Europe

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By Aidan Gregory
15 Feb 2021

The Spac craze that has swept US stock markets has spread to Europe with a new vehicle called Pegasus set to be listed in Amsterdam. The Spac is led by former UniCredit CEO Jean-Pierre Mustier, LVMH founder Bernard Arnault and Tikehau Capital and is expected to prompt a wave of new issuance, according to sources speaking to GlobalCapital.

Antoine Flamarion and Matthieu Chabran, co-founders of Tikehau, put the Pegasus deal together, it is understood, bringing in Mustier, Arnault and former Bank of America dealmaker Diego De Giorgi as co-sponsors. The alternative asset manager, which has €28.5bn of assets under management, wants to launch more Spacs over ...

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