Tikehau joins Spacs boom with €500m raised for Pegasus

The launch of Pegasus, which is the largest European Spac to date, was announced in February. Tikehau has teamed up with former UniCredit boss Jean Pierre Mustier, Financiere Agache, which is a group belonging to LVMH luxury goods boss Bernard Arnault, and banker Diego De Giorgi, formerly of UniCredit and Bank of America Merrill Lynch.

The four sponsors have pledged to invest more than €165m, including €55m during the IPO and €100m as part of an unconditional commitment to forward acquisition. Tikehau Capital invested €25m from its balance sheet as part of the private placement and has committed up to €50m as part of the forward acquisition commitment, this amount may be called up at the time of reconciliation with the selected company.