Jaguar Global Growth Corp I, a blank check company formed by Jaguar Growth Partners and Hennessy Capital Group, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, one-half of a warrant exercisable at $11.50, and one right to receive one-twelfth of a share upon the completion of a merger.
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 (JGP) where they serve as CEO and Managing Partner, respectively. CFO Anthony Page serves as Head of Risk Management of JGP. 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 with an enterprise value of $500 million or more.
Jaguar Global Growth I plans to list on the Nasdaq under the symbol JGGCU. Citi and Barclays acted as joint bookrunners on the deal.
