LONDON, June 30 (Reuters Breakingviews) - Rainmakers Michael and Yoel Zaoui may have pulled off another adroit deal. On Wednesday the founders of eponymous advisory boutique Zaoui & Co announced they were sponsoring a special purpose acquisition company – dubbed Odyssey Acquisition – seeking to raise 300 million euros. Target companies will be focused on European healthcare, telecommunications and media. The SPAC’s size is a step down for the brothers used to advising on mega-deals such as SoftBank Group’s (9984.T) $40 billion sale of Arm and the $52 billion merger between Peugeot and Fiat Chrysler. Still, it may be a canny way to lock in new deal flow if the big transactions dry up. Fellow francophone Jean Raby will be the SPAC’s co-chief executive. That marks a return to the Goldman Sachs (GS.N) alum’s dealmaking roots following an awkward exit from French asset manager Natixis (CNAT.PA). Still, the Gallic triumvirate chose to list in Amsterdam rather than Paris. That’s hardly doing La Patrie proud. (By Christopher Thompson) On Twitter http://twitter.com/breakingviews Capital Calls - More concise insights on global finance: Time beats money in EssiLux’s GrandVision deal read more AIA gets passive-aggressive in China read more Activists will nurture Japan’s raw green shoots read more Teneo manages its own crisis read more LegalZoom’s $70,000 hourly rate read more
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