BW Group investments boss Andreas Beroutsos is taking part in a New York Stock Exchange-listed blank cheque company sponsored by the investors behind Celsius Shipping.

BW Group is not among the investors in the venture, HIG Acquisition Corp. Private equity group HIG Capital, which has about $44bn under investment, is the sponsor.

The special purpose acquisition company (Spac) was holding $364m in a trust account from its 2020 initial public offering, according to its annual report this year.