Pioneer SPAC seeks to fill gap left by underfunded Finnish PE

Finland’s first blank-check company says it plays a unique role in providing especially fast access to capital, given the limited resources private-equity investors have in the Nordic nation.

By Hanna Hoikkala/ BLOOMBERG

Finland's first SPAC, Virala Acquisition Company Oyj, last month raised EUR 107.5m (USD 127m) from investors in an initial public offering in Helsinki, and now has as long as three years to find a mid-cap company to buy.

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SPACs fail to convince Finnish pension giants – Varma, Ilmarinen and Veritas explain why

AQR Principal: Nordic debut SPAC's lack of downside protection wouldn't pass muster overseas

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

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KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager