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Centricus Acquisition, a SPAC formed by Centricus and Heritage Group, files for a $250 million IPO

January 4, 2021

Centricus Acquisition, a UK-based blank check company led by former executives at Silversea Cruises and Deutsche Bank, filed on Thursday with the SEC for an initial public offering.

The London, United Kingdom-based company plans to raise $250 million by offering 25 million units at a price of $10. There it would command a market value of $313 million. Units consist of one share of common stock and one-third of a warrant, exercisable at $11.50.

The company is led by Chairman Manfredi Lefebvre d'Ovidio, a Monaco-based billionaire serving as Chairman of conglomerate Heritage Group, and who previously was the Executive Chairman of Silversea Cruises for nearly 20 years. CEO and Director Garth Ritchie leads the capital markets and advisory business of investment firm Centricus, and previously worked at Deutsche Bank from 1996 to 2020, most recently has Head of the company's Corporate & Investment Bank division.

The sponsor's members are comprised of representatives from Centricus Partners, Heritage Group, and Barclays.

The London, United Kingdom-based company was founded in 2020 and plans to list on the Nasdaq under the symbol CENHU. Deutsche Bank and Barclays are the joint bookrunners on the deal.