New blank-check firms arm up for Asian unicorn hunt

New blank-check firms arm up for Asian unicorn hunt

A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology firms that are ready to go public. SPACs are exchange-listed shell...
Italian hotels attract foreign investors as pandemic bites

Italian hotels attract foreign investors as pandemic bites

The coronavirus pandemic is spurring deal opportunities in Italy’s luxury hotel sector as international travel restrictions aggravate financial woes. Italy is the only European country with more than 1m hotel rooms and big chains account for only 5 per cent of them,...