Disruptive Capital Acquisition has set out plans to buy back 95% of its shares for up to $159.3 million after struggling in its attempts to find a merger target, Law 360 reports. Disruptive called off a deal with Saxo Bank last month.
Backed by the founder of Duke Street Capital, Edmund ‘Edi' Truell, Disruptive began listing on the Amsterdam Stock Exchange in October 2021.
Truell is managing partner of the sponsor, Disruptive Capital, a private equity firm he founded in 2008 that is also his family office. His track record, according to the DCAC prospectus from 2021, is a lifetime average net realized internal rate of return of approximately 33% from over £9 billion of investments during 27 years in private equity. Read more.