Deals
British Entrepreneur Tobin Plans Amsterdam Tech SPAC
- Crystal Peak blank-check firm seeks over 200 million euros
- SPAC boom in U.S. slowly making its way to European markets
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Michael Tobin, the U.K. data center entrepreneur-turned-motivational speaker, is seeking to raise a technology-focused blank-check firm in Amsterdam as the SPAC boom makes its way across the Atlantic.
Tobin, who built European data center giant Telecity Group Plc, is in talks to raise 200 million euros ($243 million) to 300 million euros for the special purpose acquisition company, which will be called Crystal Peak, according to people familiar with the matter.