The first IPO of the year on Euronext Amsterdam is a fact. On Friday 4 February, GP Bullhound Acquisition I SE made its debut raising EUR 200 million. GP Bullhound Acquisition I SE is a newly formed Luxembourg incorporated special purpose acquisition company (SPAC).

The GP Bullhound SPAC was established to acquire companies in the technology sector focusing on software, digital media, digital commerce, fintech and digital services. These target companies – with an equity value between EUR 800 million and EUR 2 billion – operate in the European Economic Area, the UK, Switzerland or Israel. GP Bullhound will have 15 months to complete the acquisition.

The target is envisaged to have an equity value between EUR 800 million and EUR 2 billion. GP Bullhound will have 15 months to consummate a business combination.

GP Bullhound, a leading technology advisory and investment firm headquartered in London, is the sponsor of the SPAC. The firm is known for investing in Spotify, Slack and Klarna.

Houthoff advised GP Bullhound on the private placement and listing together with Sullivan & Cromwell and Arendt & Medernach. The team included Kasper van der Sanden, Eva Luna de Boer, Jeroen van Mourik and Brendan Moloney, led by Alexander Kaarls.

FD | Eerste beursgang van het jaar in Amsterdam is voor een spac  (Only available in Dutch)