Novo Tellus Capital Mulls Joining Singapore Spac Race: Sources, Banking News & Top Stories - The Straits Times
July 08, 2021 8:39 AMThe technology and industrials-focused private equity firm has had preliminary discussions with banks. : SINGAPORE (BLOOMBERG) - Singapore buyout firm Novo Tellus Capital Partners is considering setting up a special purpose acquisition company (Spac) to list in the city-state as regulators prepare to authorise the vehicles in the local market, sources said. The technology and industrials-focused private equity firm has had preliminary discussions with banks, said the sources, who asked not to be identified as the process is private. The company is awaiting official exchange guidelines before making a final decision, the sources said.
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