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DEE Tech, 1st tech SPAC in France, lists on Euronext Paris

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  • SPAC listing raises €165 million
  • 9th SPAC listing on Euronext this year and 3rd SPAC listing on Euronext Paris in 2021

 

Paris – 25 June 2021 – Euronext today congratulates DEE Tech, a Special Purpose Acquisition Company (SPAC) specialising in the tech sector, on its listing on the professional compartment of Euronext’s regulated market in Paris (ticker code: DEE).

DEE Tech aims to invest in a high-potential tech company with the objective of creating a European tech giant in the fields of digital and e-commerce solutions. Five tech investors and entrepreneurs joined forces to launch the first French SPAC targeting the tech sector: Marc Menasé, Founder and Managing Director of DEE Tech, and founder of Founders Future, Michaël Benabou, co-founder and Partner of Veepee, Charles-Hubert de Chaudenay, Managing Director of Veepee, as well as MACSF Epargne Retraite, represented by Roger Caniard, Financial Director and Member of the Board of Directors, and IDI, represented by Julien Bentz, Managing Partner of the Investment team. After the listings of Accor Acquisition Company (AAC) and Transition earlier this year, DEE Tech is the third SPAC to join Euronext Paris in 2021.

DEE Tech was listed through the admission to trading of the 16,500,000 units that make up its capital. In total, DEE Tech has raised €165 million in a private placement from qualified investors, after the exercise of the extension clause.

Marc Menasé, Founder and Director General of DEE Tech, said: “The success of this private placement demonstrates the quality of our project, the enthusiasm of investors for the tech sector in Europe and the attractiveness of Euronext Paris. We are very pleased to have attracted renowned investors who share our ambition and our desire to support a long-term project. With this transaction, we are equipping ourselves with human and financial resources to accelerate the development of a key player in the European tech sector.”

 DEE Tech

Caption: Marc Menasé, Founder and Managing Director of DEE Tech, and his team rang the bell during a ceremony this morning to celebrate the listing of DEE Tech, together with Delphine d’Amarzit, CEO and Chairwoman of Euronext Paris.

 

About DEE Tech

DEE Tech, the first French SPAC (Special purpose acquisition vehicle) dedicated to the technology sector was launched in 2021 by entrepreneurs Marc Menasé, Michaël Benabou and Charles-Hubert de Chaudenay along with MACSF Epargne Retraite and IDI. DEE Tech has raised €165 million from international renowned investors and family offices. Listed on Euronext Paris, DEE Tech targets a high-potential technology company, particularly in the fields of digital and e-commerce solutions, with the objective of creating a European tech giant.

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 1,920 listed issuers and around €6.5 trillion in market capitalisation as of end September 2021, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Italy, Norway and Portugal. 
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