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Airport retail executive's SPAC Acamar Partners Acquisition prices $300 million IPO at $10

February 21, 2019

Acamar Partners Acquisition, a blank check company led by the Executive Chairman of travel retailer Dufry, raised $300 million by offering 30 million units at $10. Units consist of one share of common stock and one-third of one warrant; whole warrants are redeemable at $11.50 per share.

Chairman Juan Carlos Torres Carretero is currently Executive Chairman of Dufry, the world’s largest travel retailer by turnover, as well as a board member of Moncler and Chairman of Hudson (HUD).

Acamar Partners Acquisition plans to list on the Nasdaq under the symbol ACAMU. Goldman Sachs and Deutsche Bank acted as lead managers on the deal.