News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Billionaire Virgin founder Richard Branson wants to raise $460m for a SPAC

Branson and Apollo are among the firms seeking to raise capital through SPACs

Richard Branson is seeking to raise $460m through a blank-cheque company affiliated to the British billionaire's Virgin Group.

The new special purpose acquisition company, or Spac, called VG Acquisition, would make deals across multiple industries. It is incorporated in the Cayman Islands, according to a filing with the Securities and Exchange Commission on 16 September.

WSJ Logo