Portage fintech SPAC files for US$200M IPO

Paul Desmarais III, CEO of Sagard Holdings, in Montreal in October 2019. Christinne Muschi/Bloomberg via Getty Images

Sagard Holdings, the alternative investment fund affiliated with Power Corporation, is launching a blank-cheque company devoted to fintech acquisitions. The SPAC, registered as Portage Fintech Acquisition Corporation, will be overseen by senior executives at Sagard, including the SPAC’s CEO, Adam Felesky, and CFO and COO, Ajay Chowdhery. It will file to list on the Nasdaq, and is looking to make acquisitions in sectors including: 

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