Rose Hill Acquisition, a blank check company targeting fast-growing and profitable sectors in Latin America, raised $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.
The company is led by Co-CEO and Director Felipe Canales, who is currently an Operating Partner at Advent International, and Co-CEO and Director Marco Simental, who most recently served as a Managing Director and Head of Capital Solutions for Infrastructure & Power Finance at Nomura.
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 plans to list on the Nasdaq under the symbol ROSEU. Cantor Fitzgerald acted as sole bookrunner on the deal.