Accor Acquisition Company (the “Company” or “AAC”), a Special Purpose Acquisition Company (“SPAC”) sponsored by Accor (the “Founder”), has successfully raised €300 million in a private placement of Units to be listed on Euronext Paris, for the purpose of acquiring businesses active in sectors adjacent to Accor’s core hospitality business (the “Initial Business Combination”), including Food & Beverage, Flexible Working, Wellness, Entertainment & Events and Travel Technology.
The unique nature of the transaction, AAC being the first ever corporate SPAC to list in Europe, combined with Accor’s unique sourcing and execution capabilities, thanks to its global position, network and knowledge of targeted ecosystems, have allowed to generate significant interest from a diverse and high quality global investor base.
Trading of the Company’s Units (as “promesses d’unités”) began on the professional segment of the regulated market of Euronext Paris on June 1st, 2021.
Sébastien Bazin, Accor’s Chairman and CEO and AAC’s Chairman, commented: “With this successful placement, we are proud that Accor Acquisition Company has become the first European listed corporate SPAC. The success of this innovative transaction demonstrates the quality of our project and the team behind it, the confidence of investors in our ability to create value and the attractiveness of the Paris financial market. This new vehicle will enable us to continue to expand the Accor ecosystem beyond the hotel room. The AAC teams will now devote their energy and talent to identifying and partnering with recognized companies which will benefit from Accor’s size, network and influence. These products, services and brands will also be highly attractive to our hotels’ owners and guests.”
