SMG European Recovery SPAC SE

First SPAC focused on the attractive European Leisure and Lodging space completes €115 million private placement

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SMG European Recovery SPAC SE: First SPAC focused on the attractive European Leisure and Lodging space completes €115 million private placement

- SMG European Recovery SPAC SE, the first European vehicle focused on the strong fundamentals and ongoing post-Covid recovery opportunities in the European Leisure and Lodging sector, completes the targeted private placement

- Trading on the Frankfurt Stock Exchange is expected to commence on June 1, 2022

Luxembourg, May 27, 2022

SMG European Recovery SPAC SE (“SMG SPAC” or the “Company”), a Luxembourg special purpose acquisition company (SPAC), completes its private placement announced on May 25, 2022. The Company placed 11,500,000 units (the “Units”), consisting each of one share (a “Public Share”) and one half of a warrant (a “Public Warrant”), at a price of €10.00 per Unit for an aggregate of €115 million. The Units were solely offered to institutional investors.

The Company has applied for admission of the Public Shares (ISIN: LU2380749676) to trading on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange (General Standard) and for introduction to trading of the Public Warrants (ISIN: LU2380751656) on the open market (Freiverkehr) of the Frankfurt Stock Exchange (Börse Frankfurt Zertifikate AG). Trading of the Public Shares and Public Warrants is expected to commence on June 1, 2022.

Led by experienced private equity investors, Dr. Stefan Petrikovics as CEO of the Management Board, and Anand Tejani as Chairman of the Supervisory Board, SMG SPAC is backed by a sponsor team with decades of experience in identifying, investing in and building leading companies in both in the public and private sectors.

Dr. Petrikovics benefits from significant experience as a principal investor at Morgan Stanley and at TPG Real Estate, where he was most recently responsible for sourcing and execution across Europe and served on various corporate boards. In 2019, Dr. Petrikovics founded SMG Holding, a private technology-enabled investment firm with offices in Amsterdam, Berlin and Luxembourg. Mr. Tejani most recently served as a Partner of TPG where he helped establish TPG’s Real Estate business and also served on TPG’s European Executive Committee.