PARIS, April 29 (Reuters) – The “Pegasus Europe” particular function acquisition automobile (SPAC) launched by Tikehau Capital TKOO.PA and others together with financier Jean-Pierre Mustier, has raised 500 million euros ($606 million), the events concerned mentioned.
A SPAC is a shell firm that raises cash in an preliminary public providing (IPO) to merge with a privately held firm, that then turns into publicly traded consequently.
Funding agency Tikehau Capital is sponsoring the Pegasus Europe SPAC alongside former UniCredit CRDI.MI boss Mustier, Financiere Agache which is a gaggle belonging to LVMH LVMH.PA luxurious items boss Bernard Arnault, and banker Diego De Giorgi, previously of UniCredit and Financial institution of America Merrill Lynch BAC.N.
($1 = 0.8247 euros)
(Reporting by Sudip Kar-Gupta; modifying by Jason Neely)
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