Client Alert
| August 12, 2008
SPACs IPOs – The first IPO of a German Special Purpose Acquisition Company
Late July 2008, Germany1 Acquisition Limited, the first German Special Purpose Acquisition Company (or SPAC) was successfully launched on the Euronext Amsterdam raising Euro 275 million, with a prominent management team consisting of Prof. Dr. h.c. Roland Berger, Dr. Thomas Middelhoff and Florian Lahnstein. Being without any operative business, Germany1 has been set up under the laws of Guernsey as a limited liability company, offering to acquire one or more operating businesses valued between €1 billion and €3 billion with principal business operations in Germany, Austria or Switzerland through a merger, capital stock exchange, share purchase, asset acquisition, reorganisation or similar transaction.
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