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Cartesian Capital-backed SPAC goes public

Cartesian Growth Corporation II, a blank check company backed by Catesian Capital Group, has gone public after raising $200 million for its IPO.

Cartesian Growth Corporation II, a blank check company backed by Catesian Capital Group, has gone public after raising $200 million for its IPO. The stock began trading May 6, 2022 on the NASDAQ under the ticker symbol “RENEU.” Cantor Fitzgerald & Co. is serving as the sole book-running manager for the offering while Piper Sandler & Co. is acting as co-manager.

PRESS RELEASE

New York, NY, May 05, 2022 (GLOBE NEWSWIRE) — Cartesian Growth Corporation II (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to commence trading on May 6, 2022 on the Nasdaq Global Market under the symbol “RENEU”. The Company’s sponsor is an affiliate of Cartesian Capital Group, LLC, a global private equity firm specializing in providing growth capital to transnational businesses.

Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Global Market under the symbols “RENE” and “RENEW”, respectively.

Cantor Fitzgerald & Co. is serving as the sole book-running manager for the offering and Piper Sandler & Co. is acting as co-manager. The underwriters have been granted a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The offering is expected to close on or about May 10, 2022, subject to customary closing conditions.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission (the “SEC”) on May 5, 2022. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail at prospectus@cantor.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Cartesian Growth Corporation II
Cartesian Growth Corporation II is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. The Company is led by Chairman and Chief Executive Officer, Peter Yu, who is also the Managing Partner of Cartesian Capital Group, LLC, a global private equity firm and registered investment adviser headquartered in New York City, New York. The Company’s acquisition and value-creation strategy is to identify and combine with an established high-growth company that can benefit from both a constructive combination and continued value-creation by the Company’s management. The Company is an emerging growth company as defined in the Jumpstart Our Business Startups Act of 2012. For more information about Cartesian Growth Corporation II, please visit www.cartesiangrowth.com/cgc2.