German Industry Icon Touched by SPAC Fever in $300 Million Raise


Targets could be in Europe or the U.S., worth over $1 billion
Constellation is latest example of IPOs of investment vehicles
A blank-check company led by former Siemens AG Chief Executive Officer Klaus Kleinfeld is looking to buy or invest in a sizable firm after raising $300 million in a stock-market listing.
“We’re screening Europe, especially the German-speaking region, and the U.S. for targets for either a full takeover or a stake,” Kleinfeld said in an interview. Only companies worth at least $1 billion would be interesting, he added.
The 63-year-old industry icon and his team includin