Deals
Outgoing UBS Chief Sergio Ermotti Joins in Blank-Check Boom
- Banker to serve as chairman of Investindustrial Acquisition
- SPACs have been gaining traction with investors in Europe
This article is for subscribers only.
The booming club of special purpose acquisition companies just recruited a new, prominent member.
Sergio Ermotti, the outgoing chief executive officer of UBS Group AG, has agreed to serve as chairman of Investindustrial Acquisition Corp., a blank-check company, according to a revised prospectus filed Tuesday. Investindustrial filed with the U.S. Securities and Exchange Commission to raise $350 million in a New York Stock Exchange listing.