Spacs still prospering despite challenging conditions
Spacs – special purpose acquisition vehicles – had a very good year in 2021, with some 600 Spacs raising 165 billion dollars but they are, like the rest of the economy, adapting to the new post-Covid economic reality. Many investment banking and legal experts active in the Spac field see them continuing to do well.
Luxembourg, Netherlands reap SPAC benefit after US downturn
European financial centres are competing to benefit from rapid growth in SPAC investment vehicles on this side of the Atlantic after they came under regulatory fire in the United States. The Netherland’s Euronext leads in numbers, but Luxembourg attracts those with particular tax needs.
Sun European Partners: no more turnaround investments
Private equity investor Sun European Partners has shifted its focus from typical turnaround investments to ‘good companies that we can turn into top companies’, said Mark Corbidge, head of Sun Capital’s European subsidiary, in an exclusive interview with Investment Officer. ‘Special situations awards we no longer accept.’