TRG Latin America Acquisitions, a blank check company led by Nicolas Rohatyn focused on Argentina and greater Latin America, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share of upon the completion of an initial business combination.
TRG Latin America Acquisitions is led by Chairman and CEO Nicolas Rohatyn, the founder and CEO of The Rohatyn Group (or TRG Management LP), an asset manager with approximately $7 billion in AUM and a focus on emerging markets. He is joined by CFO Miguel Gutiérrez, Partner and Head of Private Markets at TRG.
The company notes that while it may pursue a target in any industry or geography, it intends to capitalize on its sponsor's emerging market investment expertise by focusing on acquisition opportunities in Latin America, with a particular focus on opportunities in Argentina. The SPAC further notes that key sectors in Argentina, such as energy, mining, agribusiness, technology and IT-enabled services are expected to attract increasing investment flows as regulatory frameworks continue evolving.
TRG Latin America Acquisitions plans to list on the Nasdaq under the symbol TRGSU. Santander acted as sole bookrunner on the deal.
