SINGAPORE, July 16, 2021--(BUSINESS WIRE)--Fat Projects Acquisition Corp. (FATP), who recently filed for a proposed US$100 million IPO with the Securities and Exchange Commission (the "SEC") sponsored by an affiliate of Fat Projects Pte. Ltd., today announced the appointment of Nils Michaelis to its Executive Management Team. Mr. Michaelis will join as the President, Chief Operating Officer and Head of Mergers & Acquisition. In addition, he will become a Managing Partner at investment and venture studio Fat Projects Pte. Ltd.
Mr. Michaelis’ career spans 24 years, multiple industries and geographies, having held leadership positions for world-leading consultancies such as McKinsey & Company, Accenture, and corporations such as Bertelsmann and American Express. Mr. Michaelis has been at the forefront of digital transformation throughout his career and is a seasoned expert in identifying opportunities from digital technologies, designing new approaches and business models, and then executing and successfully scaling them through a combination of organic and M&A-driven growth. Throughout his career Mr. Michaelis has been driving M&A and the integration of acquisitions to accelerate and scale business for the corporations and the clients he has served – with significant M&A experience across Asia, Europe and North America.
Since August 2013, Mr. Michaelis has been based in Singapore and held senior leadership roles at Accenture as Managing Director responsible for Digital in Southeast Asia and most recently as the responsible for transformation in consumer facing industries for the Growth Markets region (APAC, Africa Middle East and Latin America), designing and executing integrated technology-led transformation journeys for his clients across experience, enablement and efficiency layers. Mr. Michaelis is deeply entrenched into the global innovation and technology ecosystems and a recognized thought leader for corporations, tertiary institutions and government-linked enterprises. Mr. Michaelis holds a Master of Business Administration from Leuphana University of Lüneburg.
"I am delighted to join the Executive Management Team of Fat Projects Acquisition Corp. and Fat Projects Pte. Ltd., with all the opportunities that are before us," said Mr. Michaelis. "I look forward to working with the world-class board and senior advisory team that we have put together to identify and accelerate the growth of great businesses building technology-led solutions for Southeast Asia markets."
"Nils’ impressive global career and leadership experience across a range of sectors and companies will provide Fat Projects Acquisition Corp. with unique industry insights and capabilities," said David Andrada, Co-Chief Executive Officer and Chief Financial Officer.
"We are thrilled to add Nils’ deep expertise to our team as we seek to partner with great businesses that are building wonderful products, and are ready to transition to the public markets," said Tristan Lo, Co-Chief Executive Officer and Chairman of the Board.
Fat Projects Acquisition Corp. intends to identify, merge with and take public a business that is well positioned to deliver superior growth across Southeast Asia. Its management is associated with Fat Projects Pte. Ltd., which was established by Mr. Andrada and Mr. Lo in 2015.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
About Fat Projects Acquisition Corporation
Fat Projects Acquisition Corporation has assembled a team of executives and entrepreneurs from some of the most successful multinational companies in the world to lead our SPAC. The sponsor team structure was carefully designed to provide relevant experience and networks in the region, ensure the success of the SPAC and the continued growth of the business it acquires. The team brings a combined 100+ years of relevant market experience in Southeast Asia, directly related to sustainability, finance, supply chain, e-commerce and big data and how to monetize B2C and B2B relationships in a digital world. For more information, visit http://www.fatprojectscorp.com/.
About Fat Projects Private Limited
Fat Projects is a Singapore headquartered investment and venture studio established in 2015 with growth capital deployed across a portfolio of assets in Technology, Fintech, Education, Hospitality, E-commerce, Food Technology. Our mission is to build and accelerate entrepreneurial projects with fun, talented, resilient, and ethically committed people; with a laser focus on unlocking shareholder value.
The company was co-founded by David Andrada and Tristan Lo, two partners who respectively bring a nexus between 20 years of high end global banking and a 20 year career built on entrepreneurialism. These polarising skill sets come together to provide a very unique approach when creating new projects in-house or accelerating existing projects we join.
We have two parts to our studio. Firstly, we love building start-ups. Fat Projects takes a hands-on approach to its own ventures through deployment of its own capital, identifying co-founders and assisting with strategy, technology and further capital initiatives along the way. Secondly, we love accelerating emerging growth companies who are looking to scale and solve big problems through a tech-enabled and entrepreneurial approach. For more information, visit http://www.fatprojects.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210715005907/en/
Michael de Waal-Montgomery
Ellerton & Co. Public Relations
Tel: +65 9186 3762