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.
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, The Edge Singapore has learnt.
The sponsor group has incorporated Pegasus Asia, a special purpose acquisition company (SPAC). The listing is subject to certain conditions as well as the broader market environment.
