Andrea Pignataro, the Italian tycoon behind buying and selling software program and financial-data supplier ION, is contemplating elevating capital for dealmaking by a blank-check agency, folks with information of the matter stated.
Pignataro, a former Salomon Brothers bond dealer, has been talking to advisers a couple of U.S. preliminary public providing of a particular goal acquisition firm, based on the folks. The potential SPAC would hunt for investments in industries together with the European know-how sector, the folks stated, asking to not be recognized as a result of the knowledge is personal.
No remaining selections have been made, and there’s no certainty the deliberations will result in a transaction, the folks stated. Pignataro and a consultant for ION didn’t instantly reply to emails searching for remark.
The U.S. SPAC market reached an all-time excessive this yr, with firms led by executives throughout industries and geographies elevating greater than $65 billion to hunt takeover targets, based on information compiled by Bloomberg. Merging with a SPAC permits a closely-held firm to go public with out the challenges of the normal IPO course of.
Pignataro’s present agency, ION, affords a portfolio of know-how platforms used for buying and selling equities, mounted earnings, derivatives and currencies. It additionally owns a number of monetary information and information suppliers together with Acuris and Dealogic Ltd. The businessman has individually attracted consideration for his involvement in an actual property growth on Canouan, the sunny Caribbean resort island that’s a part of St. Vincent and the Grenadines.
ION competes with Bloomberg LP, the mum or dad of Bloomberg Information, in offering monetary information, data and know-how.
— With help by Luca Casiraghi
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