Investcorp Europe Acquisition Corp I
IVCBU
NASDAQ Global Market11.55
USD
+0.04
- -
CIK
0001857410
ISIN
KYG4923T1215
CUSIP
G4923T121
Return %
Stock
S&P500
1Y
3.13
26.84
3Y
13.79
77.03
5Y
15.27
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Alptekin Diler
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Cricket Square George Town Cayman Islands KY1-1102
- IPO Date
- Dec 15, 2021
- CIK
- 0001857410
- Website
- investcorpspac.com
- Similar Companies
- Business
- Investcorp Europe Acquisition Corp I (IVCBU) operates as a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It targets opportunities primarily in Western Europe including the United Kingdom, Northern Europe, and opportunistically Turkey, with a focus on the business services, consumer and lifestyle, niche manufacturing, and technology sectors. The company does not currently engage in substantive operations and maintains its IPO trust proceeds, reported at over 102% of initial amounts as of recent filings. Incorporated in 2021 and headquartered at Cricket Square, George Town, Grand Cayman, Cayman Islands, the company, formerly known as Investcorp Asia Acquisition Corp I, changed its name in October 2021 to reflect its European focus. It completed an upsized initial public offering in December 2021, raising $345 million through 30 million units at $10 each, underwritten by Citigroup and Credit Suisse. Leadership includes CEO Vikas Mittal, with prior key figures such as Chairman Hazem Ben-Gacem, who resigned recently, replaced by CFO Craig Sinfield-Hain. In recent developments, Investcorp Europe Acquisition Corp I announced a strategic merger with nexxbuild, a construction materials distribution platform, on May 27, 2025, aiming to unify independent distributors into a nationwide network. Earlier, in September 2024, it terminated a business combination agreement with Zacco Holdings following a $30 million termination payment and declared a $0.60 per share distribution to Class A ordinary shareholders. The company faced NASDAQ delisting in December 2024 for failing to complete an initial business combination timely but plans to trade on OTCQB under IVCB, IVCBU, and IVCBW symbols; it also postponed its extraordinary general meeting to December 17, 2024, to approve a one-year extension of its combination deadline to December 17, 2025, amid board changes and strategic reviews.
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