Latin America-focused SPAC Rose Hill Acquisition files for a $125 million IPO

Rose Hill Acquisition, a blank check company targeting fast-growing and profitable sectors in Latin America, filed on Wednesday with the SEC to raise up to $125 million.

The Atlanta, GA-based company plans to raise $125 million by offering 12.5 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, Rose Hill Acquisition would command a market value of $169 million.

The company is led by CEO and Director Udi Margulies, who is currently a Managing Director at The Palladium Group and previously served as Managing Director and Head of Latin America Investment Banking at Scotiabank. He is joined by CIO Marco Simental, who most recently served as a Managing Director and Head of Capital Solutions for Infrastructure & Power Finance at Nomura; CSO Jose Mujica, who is a Partner and Head of Private Equity at Ameris Capital; Co-CFO and Director Albert Hill IV, the CFO and Head of Strategy at King & Queen Mattress Co; and Co-CFO and Director Juan Jose Rosas, who most recently was an investment banking analyst in the principal SPAC investments group at Chardan Capital Markets.

Rose Hill Acquisition plans to target businesses with distinct competitive advantages, leading market positions, and operations in fast-growing and profitable sectors in Latin America. It expects to focus its primary search efforts on healthcare, financial services, technology and digital infrastructure, consumer goods and e-commerce, and industrials and manufacturing.

Rose Hill Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol ROSEU. The company filed confidentially on July 2, 2021. Cantor Fitzgerald is the sole bookrunner on the deal.