White & Case Advises DEE Tech – First Tech Sector-Dedicated French SPAC – on Euronext Paris IPO
1 min read
Global law firm White & Case LLP has advised DEE Tech, the first French Special Purpose Acquisition Company (SPAC) dedicated to the tech sector, on its listing on Euronext Paris.
The prospectus was approved by the Autorité des Marchés Financiers on June 16, 2021 and the offering has been carried out via an international private placement of new shares for an amount of €165 million. DEE Tech's shares will be listed on the professional segment of the regulated market of Euronext Paris and the first listing is expected on June 25, 2021.
DEE Tech is sponsored by Marc Menasé, Michaël Benabou, Charles-Hubert de Chaudenay, as well as MACSF Epargne Retraite, represented by Roger Caniard, and IDI, represented by Julien Bentz. Its objective is to acquire one or several target companies with principal operations in the tech sector and to support the digital and/or e-commerce enablers with the aim to bring about the emergence of a European tech giant.
White & Case has advised as either issuer's or underwriters' counsel on all SPACs ever listed in France since 2016 – Mediawan, 2MX Organic, Accor Acquisition Company, Transition and DEE Tech.
The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert and Max Turner and included partners Saam Golshani, Emilie Rogey and Alexandre Ippolito, counsel Jean Paszkudzki and associates Isabelle Touré-Farah, Tatiana Uskova, Tiphanie Levassort, Anais Eudes, Claire Sardet and Sarah Kouchad.
For more information please speak to your local media contact.