EPE Special Opportunities backs SPAC – EPE Special Opportunities has committed to invest a total of €10m into EPIC Acquisition Corp, a newly incorporated special purpose acquisition company (SPAC) and its sponsor, EAC Sponsor Limited.
Epic Acquisition Corp has announced its intention to raise up to €150m and its expected admission to listing and trading on Euronext Amsterdam will occur on or around 6 December 2021. The SPAC aims to identify, acquire and develop an innovative company operating in the consumer sector in the European Economic Area or the United Kingdom which has the potential for significant growth in Asian markets. Epic Acquisition Corp is targeting companies with an enterprise value of between €500m and €1bn.
The sponsor is jointly led by EPIC, EPE Special Opportunities’ investment advisor, and TTB, a Hong Kong-based investment and advisory business which has extensive local relationships across Asia and a strong track record of helping global brands access and develop in Asian markets.
Epic Acquisition Corp will also benefit from the appointment of three independent non-executive directors – Stephan Borchert and Jan Zijderveld, both experienced public markets chief executive officers (CEOs), responsible for generating a collective c.$4bn in shareholder value in the last three years through the sale of GrandVision (of which Mr Borchert is CEO) to EssilorLuxottica and the exit of Avon Products (of which Mr Zijderveld was CEO) to Natura & Co. Prior to his role at Avon Products, Mr Zijderveld was president and CEO of Unilever Europe. They are complemented by Nisha Kumar, an experienced CFO who will be the chair of the audit committee. Ms Kumar has deep expertise in financial leadership, operations and corporate finance across public and private companies and private equity.
Further information on Epic Acquisition Corp can be found on its website.
ESO : EPE Special Opportunities backs SPAC