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CORRECTED-Blank-check firm led by ex-Goldman banker aims for $500 mln IPO

·1 min read

(In Feb. 19 story, corrects first paragraph to reflect that thecompany is backed by someone associated with Michael Dellinstead of that it is backed by Michael Dell's family office,removes reference to family investment office of Michael Dell inparagraph 4.)

Feb 19 (Reuters) - A blank-check company backed by aninvestment adviser associated with Michael Dell and by GreggLemkau, the former co-head of investment banking at GoldmanSachs Group Inc, on Friday filed paperwork to raise up to$500 million in its initial public offering.

MSD Acquisition Corp said it is aiming to sell 50 millionunits at $10 each. (https://bit.ly/3dv8JHO)

Lemkau, one of the most high-profile dealmakers on WallStreet, will lead the blank-check vehicle and John Phelan,co-founder of MSD Partners, will serve as the chairman.

Lemkau, who was widely seen as a potential candidate for therole of Goldman Sachs' chief executive officer, retired from thebank last year to join MSD Partners.

Before being tasked to serve as co-head of investmentbanking in 2017, Lemkau had jointly led Goldman's mergers andacquisition department for a number of years.

Goldman and Morgan Stanley are the underwriters for MSDAcquisition's IPO.(Reporting by Niket Nishant in Bengaluru; Editing by MajuSamuel)