Mayflower Acquisition Limited — backed by billionaire investor Noam Gottesman and former Lehman Brothers executives Jeremy Isaacs and Roger Nagioff — has raised $500 million in its London IPO.
Key Highlights
- $494.75M raised via ordinary shares at $10/share
- $5.25M added via founder preferred shares
- Founders & Gottesman affiliates committed $75.5M total
- Targeting companies stuck in PE/VC portfolios amid a weak exit environment
- Focus includes:
• long-held PE/VC assets
• large family-owned businesses without exit paths
• non-tech VC-backed firms
Why It Matters
With IPO markets slow, valuations down, and financing tight, Mayflower aims to capitalize on market dislocation and provide an accelerated path to public markets via SPAC merger.
The founders bring 30+ years of partnership — including senior roles at Lehman Brothers and leadership across JRJ Group, TOMS Capital, and GLG (sold for $1.6B in 2010).