Jaguar Global Growth I, a blank check company formed by Jaguar Growth Partners and Hennessy Capital Group, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The Miami, FL-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Jaguar Global Growth I would command a market value of $250 million.
The company is led by CEO and Chairman Gary Garrabrant and President and Director Thomas McDonald, co-founders of institutional investment management firm Jaguar Growth Partners Group where they serve as CEO and Managing Partner, respectively. Thomas Hennessy and Joseph Beck, Managing Partners of Growth Strategies at Hennessy Capital Group, serve as Directors. Jaguar Global Growth I plans to target the PropTech sector, focusing on businesses outside of the US.
Jaguar Global Growth I was founded in 2021 and plans to list on the Nasdaq under the symbol JGGCU. Citi and Barclays are the joint bookrunners on the deal.
