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Elite Model World in Talks to Go Public Through SPAC Merger

Elite CEO Julia Haart and Chairman Silvio Scaglia 

Elite CEO Julia Haart and Chairman Silvio Scaglia 

Photographer: Craig Barritt/Getty Images

Elite Model World, which describes itself as the largest model management network in the world, is in talks to go public through a merger with blank-check firm Galileo Acquisition Corp., according to people with knowledge of the matter.

Galileo has held talks with potential investors about raising new equity to support a transaction, said some of the people, who requested anonymity because the discussions are private. A deal hasn’t been finalized and it’s possible talks could collapse.