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The Zaoui brothers who have filed a complaint have teamed up with several prominent European regulators to set up a special finance company that raises 300 million euros to run the medical and professional business in the region.
The acquisition of Odyssey will record Euronext exchanges in Amsterdam, according to people who know this, who will benefit greatly from the Brexit exchange in exchange for London-based financial transactions emerging as Spac’s capital. Europe.
A list of Spacs on the market is going to search for the company you want to integrate. Led by numerous events in the US, they have collected about $ 110bn worldwide from 381 stocks this year, according to data providers Refinitiv, and more than 500 are on the move. The market in Europe lags behind: only 18 Spacs earned $ 5bn between them so far this year, according to Refinitiv.
Following the 18-month explosion, events have taken place it’s too late in the US since what is known as Pipe financing – the most important source of income for companies not looking to complete their purchases – has dried up.
Michael Zaoui is the chairman of Odyssey and his brother Yoël and director are Jean Raby, former director of Natixis Investment Management in Paris.
Michael was the co-founder in Europe with Morgan Stanley, while Yoël was the former global M&A leader at Goldman Sachs before the two established themselves and established the London Zaoui & Co banking establishment in 2013.
The Odyssey will be supported by Zaoui & Co in all aspects of manufacturing equipment, from goal recognition to completion. He will be consulted on telecom, media and technology marketing by Michel Combes, President of SoftBank International and former CEO of Sprint, Altice and Alcatel-Lucent. In medicine, it agrees with the words of Olivier Brandicourt, former French Herbalist Sanofi and Blackstone Adviser.
“It’s a strong and recognizable group, and the Spac market in Europe is not as stable as in the US,” said Peter Schoenfeld, founder of PSAM, a $ 3bn New York hedge fund that buys a Zaouis company check on the first day.
“When Europe comes out of the epidemic, I hope that companies with corporations will be looking for money to spend. Earning money in the Odyssey has a better chance of getting this headquarters than it does with an IPO.”
What makes Odyssey, whose IPO is written by Goldman Sachs and JPMorgan, is supporting the development of European businesses at a time when the epidemic has accelerated social change and digital transformation for all industries.
A growing number of European companies – secretaries with a value of more than $ 1bn – are reflected in the gap between medical care and technology. They include companies such as initiating health insurance Alan; The doctrine of anct online nursing service connecting patients with health professionals; and AdvantagesAI, which develops artificial intelligence and medical expertise.
Spac startups are attracted to the ability to great rewards from the goal of recovery. Motorists usually receive 20 percent of their shares for a small fee. Last week Jim Chanos, a short seller, criticized some who reported the company through Spac as “playing”. quick and loose and their ideas ”in order to attract investors, which also happened supervised from US Securities and Exchange Commission.
Its size of 300 euros puts the Odyssey among the biggest Spacs in Europe. In April, a company without a check produced by LVMH CEO Bernard Arnault and former UniCredit CEO Jean Pierre Mustier to invest in European financial companies raised 500 euros on their list in Amsterdam.
Since its inception in 2013, Zaoui & Co has recommended how to spend € 225bn. Soon, that advised SoftBank for sale of British arms maker Arm Holdings to Nvidia for $ 40bn, with the Peugeot family at Including $ 50bn between the French PSA and its Italian-American counterpart Fiat-Chrysler.
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