Switzerland-based SPAC Europa Growth Acquisition files for a $235 million IPO

Europa Growth Acquisition, a blank check company targeting the financial services or environmental sectors in Europe, filed on Friday with the SEC to raise up to $235 million in an initial public offering.

The Zug, Switzerland-based company plans to raise $235 million by offering 23.5 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, Europa Growth Acquisition would command a market value of $294 million.

The company is led by CEO and Director Michal Krupinski, the former CEO of Poland’s second largest commercial and investment bank Bank Pekao, and Investment Director and Director Walid Kamhawi, who has held roles at Blackstone, Bear, Stearns & Co., the Russian Direct Investment Fund, and Techinvest. The company plans to target businesses in Europe focused on digital or green transformation in the financial services or environmental sectors.

Europa Growth Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol EGACU. The company filed confidentially on March 30, 2021. Barclays is the sole bookrunner on the deal.