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Bankers go hunting for UK billionaires to back Spacs

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Michael Tobin was taken by surprise. The millionaire entrepreneur had no intention of being a key player in the craze to launch a special-purpose acquisition company (Spac). However, Tobin, who made his name as the boss of data centre operator Telecity, was approached by London-based investment bankers who convinced him…

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Click here to read the full story: The Times

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