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VAM Investments SPAC B.V. Lists On Euronext Amsterdam

Date 19/07/2021

  • €225 million raised successfully
  • 14th SPAC listing on Euronext’s markets in 2021

Euronext today congratulates VAM Investments SPAC B.V., a Special Purpose Acquisition Company focusing on the consumer and services sector, on its listing on Euronext Amsterdam (ticker code: VAM). It is the 14th SPAC listing on Euronext markets in 2021.

The newly listed SPAC aims to identify and support companies operating in the consumer products and services sector that are based or have their main operations in the European Economic Area, Switzerland or the United Kingdom. The Company is sponsored by VAM Investments Group S.p.A., an independent investment firm led by shareholders Francesco Trapani, former CEO and shareholder of Bulgari, and former Chairman and CEO of LVMH’s Watches and Jewelry Division, as well as Marco Piana, former director at 3i Group and partner at Fondo Italiano d’Investimento. Francesco Trapani is Chairman of VAM Investments SPAC and Marco Piana has been appointed CEO.

At opening, the share price was set at €10 per share. VAM Investments SPAC successfully raised €225 million1 through its Initial Public Offering.

Francesco Trapani, Chairman of VAM Investments SPAC, said: “We are very pleased with the interest we are receiving from the market: we have commitments from a broad base of institutional investors and family offices at a global level. VAM Investments SPAC is the first vehicle of its kind with an Italian sponsor listed on Euronext; it combines the Board’s expertise and my direct experience in luxury, which will be put at the disposal of a large company wishing to access the capital markets. The post-Covid recovery in Europe offers significant organic growth and acquisition opportunities for companies that successfully navigated through the crisis and are now competing globally. We have assembled a group of professionals with very relevant experience, international network and complementary skills. We look forward to starting to work immediately at the selection of the best company for the business combination with our SPAC.”

Notes to Editors:

1 The Offering consists of a private placement raising proceeds up to €225 million if the over-allotment option is exercised in full.