Euronext has congratulated SPEAR Investments I (SPEAR), a special purpose acquisition company (SPAC), has listed on Euronext Amsterdam, becoming the SPAC-listing on Euronext markets in 2021.
SPEAR has a multi-disciplinary team, combining equity capital markets professionals, M&A professionals, investment professionals, C-suite and senior leaders, operators and technology experts and founders. SPEAR expects to focus on targets with strong business fundamentals, and technology, innovation and/or changing business model-led growth.
The admission and issue price of the units offered by the company was EUR10 per unit. The SPAC-listing raised EUR175 million altogether. SPEAR is sponsored by STJ Advisors and AZ Capital. STJ Advisors is a leading independent (non-investment bank) equity capital markets advisory platform and has advised on over 140 transactions to date (including more than 50 IPOs). They have raised over EUR70 billion for its clients since it was founded in 2008, and completing transactions across 21 European and 31 global jurisdictions. AZ Capital is a leading European independent financial advisory firm that has advised on over 100 transactions for a combined enterprise value of more than €95 billion since it was founded in 2004.
John St. John, Co-CEO and Executive Director of SPEAR, says: “With SPEAR Investments I, we launch the first truly pan-European multisector SPAC. We strongly believe that our exceptional team will allow us to identify hidden gems in Europe that will be attracted to partner with us in the process of becoming public companies, and beyond.”
Jorge Lucaya, Co-CEO and Executive Director of SPEAR, says: “As our name indicates, we aim to become Successful Partners in Europe for Accelerating Returns. SPEAR Investments I is a new and attractive platform for European companies to access equity capital markets. Moreover, we believe that, partnering with our team, target companies will be able to accelerate their growth post business combination. The vote of confidence received from our cornerstone investors boosts our conviction that we will be able to deliver an attractive business combination to SPEAR Investments I investors.”