Linklaters is advising VAM Investments SPAC B.V. (VAM SPAC) on a potential business combination with Supermoney S.p.A. (Supermoney), which offers price comparison and technological services in the energy, gas and telecommunications sector, aimed at creating the leading Italian digital tech listed player offering price comparison and technological services.

VAM SPAC is listed on Euronext Amsterdam and raised proceeds of approximately €210.3m in July 2021 in the context of the IPO, on which Linklaters also advised. The purpose of the combination is to ensure Supermoney gains access to the public capital markets and benefits from financial resources to further strengthen its market-leading position in the Italian utilities and telecommunications sector, to extend its value proposition through new streams of value-added products, and to potentially enter adjacent verticals through organic growth and strategic acquisitions.

Last week VAM SPAC and Supermoney announced the execution of a binding term sheet concerning the potential business combination, which is subject to terms and conditions.

Linklaters’ cross-practice and multijurisdictional team was led by capital markets partners Alexander Harmse (Amsterdam) and Jason Manketo (London) and corporate partner Guido Portier (Amsterdam), with support from counsel Jaap Geleijns, managing associate Jos van Boeijen, associate Joris Knoll and junior associate Matijs Nijkamp (all Amsterdam). The firm’s Milan office, led by corporate partner Ugo Orsini and managing associate Francesco Eugenio Pasello, also advised.

From debt and equity issues through to derivatives and structured finance, Linklaters’ market-leading capital markets practice advises on the full range of UK, U.S. and domestic laws through its global network of offices.

The firm is at the forefront of the most complex and innovative developments in the international capital markets. With extensive experience across the Euromarkets, the U.S. capital markets and Asia, it works closely with clients to meet their expectations of, and need for, a full securities law service.