Deals

Ex-UniCredit CEO Plans SPAC Amid ‘Transformation’ in Finance

Mustier and De Giorgi will be operating partners of company
Mustier sees ‘massive transformation’ in Europe finance

WATCH: Europe needs growth capital, Mustier tells Bloomberg.Source: Bloomberg

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By Ambereen Choudhury, Jan-Henrik Foerster, and Sonia Sirletti

February 15, 2021 at 7:26 AM UTC

Updated on

February 15, 2021 at 11:13 AM UTC

This article is for subscribers only.

Ex-UniCredit SpA Chief Executive Officer Jean Pierre Mustier plans to raise funds for a special purpose acquisition company, backed by billionaire Bernard Arnault and French asset manager Tikehau Capital.

Mustier is working on the SPAC with former Bank of America Corp. executive Diego de Giorgi, according to a statement on Monday from Tikehau. Bloomberg first reported the news on Saturday. The company will invest in financial services, including wealth management and fintechs, it said.