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Frankfurt lands first US-style Spac launch with Klaus Hommels’ Lakestar

Lakestar SPAC 1 SE is seeking to raise up to €275m and will list in Frankfurt

Lakestar SPAC 1 SE is seeking to raise up to €275m and will list in Frankfurt
Lakestar SPAC 1 SE is seeking to raise up to €275m and will list in Frankfurt Photo: Getty Images

The first US-style blank-cheque company has landed in Europe, as demand for special purpose acquisition companies in the region starts to pick up amid a $100bn surge across the Atlantic.

German tech investor Klaus Hommels on Wednesday launched a special purpose acquisition company through his venture capital firm Lakestar, which will look at snapping a late-stage European tech company worth between €750m and €4bn.

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