Industrial Stars of Italy 2 has successfully raised US$56 million

Oaklins' team in Italy has successfully completed the IPO of the nineth Italian SPAC (Special Purpose Acquisition Company), Industrial Stars of Italy 2 (Indstars 2), supported by Mediobanca global coordinator and Banor and UBI Bank book runners. Investors include family offices, institutional investors as well as high net worth individuals.

Indstars 2 is the nineth SPAC in Italy and comes after ISI 1, the front-runner in the Italian SPAC arena which was listed in 2013 after its merger with Lu-Ve SpA in 2015.

Oaklins' team in Italy designed the structure of the SPAC, was involved in the placement roadshow and promoted the SPAC together with successful Italian entrepreneur Giovanni Cavallini, former CEO and President of Interpump Group, a listed player active in the pumps and valves industry.