European tech blank check: Atlantic Alliance Partnership files and sets terms for $75 million IPO

Atlantic Alliance Partnership, a blank check company focused on the media, internet and consumer sectors in the UK and Europe, filed and set terms for its IPO on Monday.

The London, United Kingdom-based company plans to raise $75 million by offering 7.5 million shares at a price of $10. At the proposed price, Atlantic Alliance Partnership (AAP) would command a fully diluted market value of $97 million.

Unlike most blank check companies, AAP is not offering warrants in its offering.

Jonathan Goodwin is Chairman and CEO. Goodwin is the founder and CEO of Lepe Partners, a London-based merchant bank. Before that, served as Head of Global TMT (technology, media, telecom) investment banking at Jefferies. Goodwin served as co-founder and CEO of LongAcre Partners until Jefferies acquired the boutique investment bank in 2007 for an estimated £40 million.

Atlantic Alliance Partnership was formed in 2015 and plans to list on the NASDAQ under the symbol AAPC. Citi is the sole bookrunner on the deal.