PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Tikehau Capital’s third sponsored SPAC raises SGD170m

Pegasus Asia, Tikehau Capital’s third sponsored SPAC globally and its first to be listed in Singapore has successfully raised SGD170 million (cEUR111.2 million) in its initial public offering.

Similar to Pegasus Europe and Pegasus Entrepreneurs launched in 2021, Pegasus Asia was launched by Tikehau Capital alongside co-sponsors Financière Agache, Jean-Pierre Mustier and Diego De Giorgi. The sponsors collectively have an extensive proprietary network and resources to search and evaluate targets.
 
Tikehau Capital and its co-sponsors were the only European sponsors to successfully launch two European SPACs in 2021. Pegasus Europe, which raised approximately EUR483.6 million in April, is among the largest European SPACs to date. In December 2021, Pegasus Entrepreneurs raised EUR210 million including an upsize of EUR10 million resulting from strong investor demand.
 
Pegasus Asia plans to focus on businesses in technology-enabled sectors, including but not limited to consumer-technology, financial technology, property-technology, insurance-technology, healthcare and medical technology, and digital services, primarily, but not exclusively, in Asia Pacific.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured