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.