Investindustrial Acquisition Corp. Announces Pricing of $350,000,000 Initial Public Offering and Forward Purchase Agreement of up to $250,000,000 with Investindustrial

19th November, 2020 - Investindustrial Acquisition Corp. (the “Company”), a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 35,000,000 units at a price of $10.00 per unit. The Company is sponsored by Investindustrial Acquisition Corp. L.P., a limited partnership held by affiliates of the Investindustrial group. The Company intends to acquire companies having an enterprise value in the range of $1.0-5.0 billion with a focus on Consumer, Healthcare, Industrial and Technology sectors and predominantly focused on European medium-sized businesses. The units are expected to be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “IIAC.U” beginning November 19, 2020. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant may be exercised for one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “IIAC” and “IIAC WS,” respectively. 

In connection with the consummation of this offering, the Company has entered into a forward purchase agreement with one or more affiliates of the Investindustrial group, pursuant to which such affiliates have committed, subject to certain customary closing conditions, to purchase up to 25,000,000 forward purchase shares from the Company for $10.00 per share, or an aggregate amount of up to $250,000,000, in a private placement that would close substantially concurrently with the closing of the initial business combination.

The offering is expected to close on November 23, 2020, subject to customary closing conditions.

Deutsche Bank Securities Inc. is acting as lead left bookrunner and Goldman Sachs & Co. LLC as joint bookrunning manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 5,250,000 units at the initial public offering price to cover over-allotments, if any. 

When available, copies of the prospectus may be obtained from Deutsche Bank Securities, Inc., Attn: Prospectus Department, 60 Wall Street, New York, NY 10005, by telephone at 800-503-4611 or by e-mail and from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282; telephone: 1-866-471-2526; email:

A registration statement relating to the securities became effective by the Securities and Exchange Commission on November 18, 2020. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the Company’s offering filed with the Securities and Exchange Commission (“SEC”) and the preliminary prospectus included therein. Copies are available on the SEC’s website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. 

For further information please contact:

UK Media

David Stürken
Mob: +44 (0) 7990 595 913

Jonathan Cook
Mob: +44 (0) 7730 777 865


Carl Nauckhoff
Senior Principal and Head of Investor Relations
Tel: +44 (0) 207 664 2138