The new SPAC intends to focus on businesses in the consumer internet, mobility and FinTech sectors headquartered in Europe (including the U.K.) and Israel. Target Global I is led by Chief Executive Officer Shmuel Chafets, Chief Financial Officer Heiko Dimmerling, Chief Investment Officer Yaron Valler, and Chairman Gerhard Cromme.
Total SPAC deal count for 2021 year-to-date is now 578. This offering is expected to close on Monday, December 13.
UBS Investment Bank and BofA Securities are acting as book-running managers. Davis Polk & Wardwell London LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.