TB SA Acquisition Corp.

General Information

Our efforts to identify a potential initial business combination target will focus on African companies that promote environmental, social and governance, or ESG, principles. Our sponsor is TCP SA, LLC, an affiliate of TowerBrook Capital Partners L.P., an investment management firm with headquarters in New York and London. TowerBrook has raised in excess of $17.4 billion to date. (This SPAC is incorporated in the Cayman Islands.)

We intend to capitalize on the ability of our management team to identify, acquire and manage a business or businesses that can benefit from our management team’s established global relationships and operating expertise. Our management team has extensive experience in identifying and executing strategic investments at the global scale successfully across a number of sectors, as well as strong-rooted ties to South Africa with key contacts across relevant industries and within the Sub-Saharan region generally.

Andrew Rolfe is our CEO and a director. From 2006 until February 2021, Mr. Rolfe was a managing director at TowerBrook. While at TowerBrook, he served on a variety of TowerBrook portfolio company boards, including BevMo!, Jimmy Choo, True Religion, J.Jill, Azzurri Group and Kaporal. Before joining TowerBrook in 2006, Mr. Rolfe was the president of Gap Inc. International. He was also chairman and CEO of Pret A Manger from 1998 to 2003, when he led the company’s international expansion initiatives, including selling a strategic stake in the business to the McDonald’s Corp. 

Gareth Penny has agreed to serve as the non-executive chairman of the board of directors of TB SA Acquisition Corp. Mr. Penny is a South African business executive who is the chair of Norilsk Nickel, the world’s leading producer of nickel and palladium. 

(TB SA Acquisition Corp. downsized its SPAC IPO at pricing on March 22, 2021: 20 million units, down from 25 million, at $10 each to raise $200 million.) 

Employees: 0
Founded: 2021
Contact Information
Address PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman, KY1-1102, Cayman Islands
Phone Number (345) 814-5771
Web Address
View Prospectus: TB SA Acquisition Corp.
Financial Information
Market Cap $262.5mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol TBSAU
Exchange NASDAQ
Shares (millions): 20.0
Price range $10.00 - $10.00
Est. $ Volume $200.0 mil
Manager / Joint Managers Deutsche Bank Securities
CO-Managers -
Expected To Trade: 3/23/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change