Investor and exchanges, platforms & capital markets expert, Javier Tordable and Spanish leading Tech-based asset manager, Inveready are pleased to announce their project to create the first SPAC (Special Purpose Acquisition Company) for companies headquartered in Spain and Southern Europe, that carry out their activity in the TECH sector. The objective is the identification of TECH companies with special focus on Enterprise Software, Software as a Service (SaaS), B2B Business Models, FinTech, Market Places, E-commerce, Capital Markets, Mobility and Impact.
The project team aimsto present the IPO prospectus of this SPAC, which will be called “Southern Europe Tech SPAC I” in September 2021, in order to start trading on Euronext during the last quarter of 2021. The project led by Tordable, who has extensive experience in the listed markets sector, is joined by Inveready’s experience in the successful launch and investment of companies listed on European markets and on Nasdaq, such as Más Móvil, Atrys or Edesa among others. With this initiative, Inveready continues to complement its multi-product strategy to cover the full spectrum of growth needs of technology and innovative companies. The Sponsor team led by Tordable and Inveready is expected to include more partners in order to create a leading long-term investment project in the European TECH sector via this type of vehicle.
“SPAC vehicles are representing a critical source of efficient funding for the TECH sector in the United States, so it is of utmost importance that the growing and vibrant Tech ecosystem in Southern Europe has a vehicle of this type specialized only in them. In addition, we plan it to be the first of many SPAC vehicles aimed to provide transparency, liquidity and capital to the growing entrepreneurial ecosystem of Southern Europe.”
Javier Tordable, Investor and exchanges, platforms & capital markets expert
“At Inveready we are constantly looking for how to improve access to quality financing, and appropriate to their needs, for entrepreneurs in Spain. With this project, we seek to give financial buffer and upside to companies with projection, as well as an excellent return to the investors who will accompany us. We know first-hand the competitive value that southern European companies can bring to investors in this initiative.”
Josep Maria Echarri Executive President
“There are excellent companies in the TECH sector in Southern Europe, which have been able to take advantage of the development of the market to gain solid competitive positions. This project will make visible how these companies can bring value to investors, who until now did not have access to these opportunities.”
Ignacio Fonts, CEO of Inveready
