True Potential eyes $2bn US flotation - reports

Credit Suisse's US team are working to merge True Potential with a special acquisition company, the Evening Standard has reported. A SPAC is also known as a "blank check company" - a company with no commercial operations that is formed to raise capital with the purpose of acquiring an existing business. The company was looking to sell in 2018, but the process did not come to anything as talks broke down in early 2019. Last month, reports showed True Potential was up for sale again, with frontrunners including Lloyds Banking Group, Franklin Templeton and Cinven. There has been a sur...