Private equity firm's SPAC Cartesian Growth II prices $200 million IPO

Cartesian Growth II, the second blank check company formed by Cartesian Capital Group targeting high-growth businesses, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Peter Yu, the founder and Managing Partner of Cartesian Capital Group, and CFO and Director Beth Michelson, a Senior Managing Director at Cartesian. The company plans to target high-growth businesses with proven or potential transnational operations or outlooks in order to capitalize on the experience, reputation, and network of its management team.

Management's previous SPAC, Cartesian Growth Corp (GLBL), has a pending merger agreement with global investment firms Tiedemann Group and Alvarium Investments, to form Alvarium Tiedemann Holdings.

Cartesian Growth II plans to list on the Nasdaq under the symbol RENEU. Cantor Fitzgerald acted as sole bookrunner on the deal.