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Investcorp Europe Acquisition Corp. I (IVCBU) Prices Upsized $300M IPO


Investcorp Europe Acquisition Corp. I (IVCBU) Prices Upsized $300M IPO

Dec 14, 2021 IPOs by Marlena Haddad

Investcorp Europe Acquisition Corp. I announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IVCBU” Wednesday, December 15.

The new SPAC intends to focus on opportunities in Western Europe, including the United Kingdom, or Northern Europe and, opportunistically, in Turkey and businesses focusing on business services, consumer and lifestyle, niche manufacturing and technology. Investcorp Europe I is led by Chairman Hazem Ben-Gacem, Vice-Chairman Peter McKellar, CEO Baroness Ruby McGregor-Smith, CIO Alptekin Diler and CFO Craig Sinfield-Hain.

Total SPAC deal count for 2021 year-to-date is now 599. This offering is expected to close on Friday, December 17.

Citigroup and Credit Suisse are the joint book-running managers for the offering. Shearman & Sterling LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom (UK) LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.