Klaus Hommels' Spac raises €275m

By Aidan Gregory
19 Feb 2021

Lakestar Spac I, a new special purpose acquisition company backed by German venture capitalist Klaus Hommels, has priced its IPO on the Frankfurt Stock Exchange, raising €275m.

The proceeds of the IPO will be used to acquire an unspecified late-stage European technology company, with an equity value of between €750m to €4bn. Alongside Hommels, the Spac is also sponsored by Stefan Winners, an adviser to Lakestar and CEO of the new Spac, and Inga Schwarting, ...

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