Dan Och Bets on SPAC That’s Hunting for China Consumer Deals

Dan Och has invested in a blank-check company that’s targeting China’s consumer industry in the fallout of the coronavirus pandemic.The U.S. billionaire and his family office, Willoughby Capital, own 5.6% of Primavera Capital Acquisition Corp., a special-purpose acquisition company focusing on global consumer companies with significant presence or potential in China, according to a regulatory filing Monday. The firm raised more than $350 million last month in an initial public offering in New Yo