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Full Version: Tikehau Capital gets nod for SGX Spac listing
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Khairani Afifi Noordin Published on Thu, Dec 30, 2021 / 10:21 AM GMT+8 / Updated 1 days ago


Global alternative asset manager Tikehau Capital and its partner Financière Agache, the family office of LVMH Group controlling shareholder Bernard Arnault, have received an eligibility-to-list (ETL) letter from the SGX on Dec 29

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The sponsor group has incorporated Pegasus Asia, a special purpose acquisition company (SPAC).

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Tikehau and Financière Agache plan to invest $62 million in the SPAC through the subscription of units and an unconditional forward purchase agreement. This is in addition to the sponsor’s initial contribution of up to $10 million of “at-risk” capital by purchasing warrants in the private placement.
The target merger company was not disclosed.


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