Novo Tellus Alpha Acquisition (NTAA), the S$150 million blank cheque firm launched by Singapore-based private equity firm Novo Tellus, will only merge with companies with “free cash flow,” said a senior executive at the firm.
Novo Tellus’s mandate as a private equity investor has always been long-term-minded with a focus on profitability, said Loke Wai San, CEO and executive chairman of NTAA. The firm will adopt the same approach in its search for a SPAC target.
