North Atlantic Acquisition Corporation will seek acquisition. The Company has raised more than originally anticipated via a public listing in New York after strong investor demand. The Company intends to make its first acquisition targeting a company with an enterprise value of between $1billion and $2 billion . It said it will effect a business combination "with a leading corporate with global ambition" in Europe or the United States. The company intends to acquire businesses in the consumer, industrials or telecoms sectors, but will also look other areas. Its primary focus will be Europe.