Arago Acquisition Corp.
General Information | |
Business: | (Note: Arago Acquisition Corp. withdrew its SPAC IPO plans in an SEC letter dated Nov. 9, 2023.)We intend to focus on high-growth target businesses that are headquartered in Latin America and are operating within sectors that have significant unmet demand. (Incorporated in Delaware)Our sponsor, Arago Sponsor Group LLC, is a partnership between Arago Gestión, S.A.P.I de C.V. (“Arago”), an established private-market asset manager based in Mexico City, and Alta Growth Capital, S.C. (“Alta”), a private equity firm based in Mexico City. We refer to Arago and Alta as our “Founders.”Arago was founded in 2018 by a multidisciplinary team that has been active in Mexico´s private markets for more than fifteen years. In 2020, the firm raised $150 million through investment project certificates (CERPI) which are publicly traded on the Mexican Stock Exchange (BMV:ARAGOPI). Arago is focused on high-growth companies with significant investment needs where access to equity capital can unlock value. It has a broad and diversified pipeline in sectors with significant unmet demand for capital, like FinTech, healthcare and e-commerce.Alta, founded in 2006, manages several funds directed towards a diversified portfolio of private equity and equity-linked investments in middle-market companies operating in Mexico. It is focused on sectors benefiting from the rising domestic consumption of goods and services in the Mexican market, including industries such as consumer goods, financial services, housing, healthcare, education, entertainment and selective manufacturing and industrial sectors.The Founders have extensive experience raising, investing and supervising private and public market portfolios in the Latin American region as well as decades of accumulated experience in business management, operation and optimization. The team’s professional experience has allowed them to build a wide network of relationships across the region that we intend to leverage to identify and approach potential business combination targets.The Founders believe that successful investing in Latin America, and particularly in Mexico, requires deep operating capabilities to identify, select and manage mid-market companies in order to grow and improve them. The principals of the Founders collectively have more than 100 years of experience in top-tier consulting, direct industry operations, finance positions and investment structuring and management. The Founders have an operational investing approach which has enabled them to enhance the value of their portfolios by taking advantage of select opportunities.
|
Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2021 |
Contact Information | |
Address | 755 Sierra Nevada, Lomas de Chapultepec, Miguel Hidalgo, 11000, Mexico City, Mexico |
Phone Number | +52 (55) 8112-2600 |
Web Address | |
View Prospectus: | Arago Acquisition Corp. |
Financial Information | |
Market Cap | $94.5mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | ARAGU |
Exchange | NASDAQ |
Shares (millions): | 7.5 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $75.0 mil |
Manager / Joint Managers | EF Hutton |
CO-Managers | - |
Expected To Trade: | |
Status: | Withdrawn |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |