London Stock Exchange welcomes Hambro Perks Acquisition Company

London Stock Exchange welcomes Hambro Perks Acquisition Company, a special purpose acquisition vehicle sponsored by Hambro Perks Limited, the international investment firm focused on technology investing, to the Main Market under the ticker symbol HPA1.

Hambro Perks was founded in 2013 with the aim of providing capital and hands-on support to innovative and fast-growing technology-enabled companies. The strategy has seen Hambro Perks partner with some of the most pioneering and ambitious companies in the UK and Europe.

Hambro Perks has a proven track record of investing in technology-enabled businesses through various market cycles. Hambro Perks focuses on companies that are disrupters in their category, composed of high potential entrepreneurs and management teams which are able to scale. The impact of this strategy is evident in Hambro Perks’ portfolio of investments which stands at more than 100 portfolio companies.

HPAC is a natural extension of Hambro Perks’ existing investment strategy, enabling more established tech businesses to scale up by accessing public markets.

To capitalise on the opportunities in the market, HPAC intends to focus on the technology-enabled sector and businesses with principal operations in the United Kingdom, a member state of the EEA or Switzerland, seeking to leverage its experience and sourcing capabilities as well as the advice and expertise of its Board to create value for its shareholders.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
149.39
Listing/Admission to trading
25 Nov 2021

Dominic Perks, CEO of HPAC, said:

“I am delighted to launch our first SPAC and start the process of bringing a European tech champion to the public market. At Hambro Perks we have a track record of finding and partnering with pioneering tech-enabled businesses and helping them grow into global category leaders. We see this SPAC as another way to leverage our experience and expand the range of tools we use to do what we do best: helping game-changing companies with global ambition fulfil their potential.

We’ve chosen to list HPAC in London because it’s the technology capital of Europe. The number of Unicorns in the UK and Europe has grown significantly over recent years as we have seen a migration of talent and capital to private growth companies. Investors want to back differentiated, scalable businesses with great leadership, and those are exactly the characteristics we’ll be seeking in our target.”

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