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Tikehau Capital Said to Get Nod for SPAC Listing in Singapore

  • Sponsor group has incorporated SPAC called Pegasus Asia
  • Tikehau looking to raise at least S$150 million from IPO

European asset manager Tikehau Capital SCA has received an eligibility-to-list letter from the Singapore exchange for its blank-check company, according to a person familiar with the matter. 

The firm, together with partner Financière Agache -- the family office of LVMH chairman Bernard Arnault -- has incorporated a special purpose acquisition company called Pegasus Asia, the person said. The sponsor group will invest S$62 million ($46 million) in the vehicle and is seeking to raise at least S$150 million in the initial public offering, the person added.