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CAPITAL MARKETS

Mustier says European Spacs ‘answer real need’ as Pegasus sets template

The sponsors of a new special purpose acquisition company aimed at European financial services argue that the region is ripe for the kind of patient capital that the structure can provide.

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Photo: iStock

The $100 billion raised by special purpose acquisition companies (Spacs) since the start of 2020 might be stoking fears of a speculative bubble in some quarters of the market.

However,