FT Partners closes $500m Spac

Steve McLaughlin, the boss of financial technology-focused investment banking firm FT Partners, has joined forces with Gene Yoon, the founder of PE firm Bregal Sagemount, to form a $500 million fintech Spac.The Independence Holdings Corp blank cheque firm is now trading on Nasdaq after a five times oversubscribed pricing and is on the hunt for fintech firms in the $2 billion to $10 billion range.