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LaFayette Acquisition, a Paris-based special purpose acquisition company (SPAC), has unveiled plans for a $100 million initial public offering, positioning itself to acquire a diverse slate of U.S. businesses. The blank check company confirmed Friday that Greenberg Traurig LLP will serve as its legal counsel for the high-profile deal.

According to its SEC filing, LaFayette intends to issue 10 million units at $10 apiece. Each unit will include one share of common stock and one right to receive one-tenth of a share in the future merged entity.

Leadership with Global Investment Pedigree

At the helm is Christophe Charlier, LaFayette’s CEO and chairman, best known as the former chairman of Russian investment bank Renaissance Capital. Partnering with him is Jennifer Calabrese, the company’s chief financial officer, who also serves as CFO for Athena Technology Acquisition II, another SPAC player.

Together, they bring heavyweight experience in industries spanning energy, food, agriculture, mining, telecommunications, healthcare, and technology—sectors that will shape the company’s acquisition strategy.

Strategy: Capitalizing on Market Weakness

LaFayette made clear that it is eyeing the current softness in global capital and M&A markets as its entry point. In its filing, the SPAC emphasized its intent to seize on the “backlog of private businesses” that have been unable to monetize assets due to stalled transactions and investor hesitancy.

The company is incorporated in the Cayman Islands, with Appleby providing legal advice on jurisdictional matters. Graubard Miller is representing EarlyBirdCapital Inc., the IPO’s sole underwriter.

IPO Frenzy Continues with Leapfrog Acquisition

LaFayette’s $100 million IPO joins a wave of international SPAC activity. On Thursday, Leapfrog Acquisition announced its own IPO plans, aiming for $125 million with Cohen & Gresser LLP guiding the process. Unlike LaFayette, Leapfrog intends to target energy and infrastructure companies outside the U.S.

Leapfrog’s filing revealed a plan to issue 12.5 million units at $10 each, with each unit offering one share of common stock and half a warrant, exercisable at $11.50.