Singapore PE firm Novo Tellus's $111m SPAC to seek targets with free cash flow

Singapore PE firm Novo Tellus's $111m SPAC to seek targets with free cash flow

Loke Wai San, founder and managing partner, Novo Tellus, speaks at DealStreetAsia's Asia PE-VC Summit 2019

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.

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