- Avanti Acquisition pitching its focus on family and founder-led European targets. Merger talks with European fintech can't be verified at this time from credible news sources, but useful to watch.
- On its website, Avanti Acquisition refers to sponsors NNS Group and Sienna Capital as its founders.
- NNS Group is owned by Egypt's wealthiest family and Sienna Capital is a wholly-owned subsidiary of Groupe Bruxelles Lambert, a well-known extremely diversified investment holding company.
- Avanti's stellar management team, headed by billionaire CEO Nassef Sawiris, plans to acquire one or more businesses across various industries in Europe, with a strong U.S. nexus and international reach.
For further details see:
Nassef Sawiris, GBL Backing Makes Avanti Acquisition The Best Kind Of SPAC