The new company aims to combine with an African target that promotes environmental, social and governance, or ESG, principles. TB SA is led by CEO Andrew Rolfe, Non-Executive Chairman Gareth Penny and CFO James Crawley.
Total SPAC deal count for 2021 year-to-date is now 286. This offering is expected to close on Thursday, March 25.
Deutsche Bank Securities Inc is serving as the book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.