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Wed, 03 Jun 2015 14:00:00 GMT ~ Now we know what one of Ackman's 2 new investments is
It looks as if we now know what the smaller of Bill Ackman's two new investments is.
Forbes reports that Pershing Square Capital, Ackman's $20 billion hedge fund, disclosed a stake in Nomad Holdings, a special-purpose acquisition company (SPAC) that trades on the London Stock Exchange (NOMHF).
Ackman snapped up a 21.7% stake in Nomad that's worth about $350 million, the report said.
Nomad was cofounded in early 2014 by billionaire fund manager Noam Gottesman and Ackman's friend Martin Franklin, the chairman of Jarden. (Pershing Square talked about Jarden Corp. at the Sohn Conference back in May.)
Shares of Nomad are up 55% since the company went public in September.
Nomad Holdings Limited
Nemours Chambers
Road Town,
British Virgin Islands
Phone: 284-852-7300
Website: http://www.nomadholdingslimited.com
Nomad Holdings Limited does not have significant operations. It intends to undertake an acquisition in the form of a merger, capital stock exchange, asset acquisition, stock purchase, scheme of arrangement, reorganization, or similar business combination of a target company or business. The company was founded in 2014 and is headquartered in Road Town, the British Virgin Islands.