Ivory, White-Tsimikalis, Myatt Author Article in ‘PE News’ on SPACs

Partners Ian Ivory, Ariel White-Tsimikalis and Nick Myatt authored an article published on April 19 by Private Equity News discussing special purpose acquisition companies (SPACs) and their recent popularity. Their article explains how the structure of SPACs is different from a traditional IPO or M&A transaction, and why it can be highly desirable for private company investors. They also describe how the market has been dominated by SPAC listings in the US, and how other global geographies are navigating both the popularity of SPACs as well as growing scepticism. Despite challenges and concerns over the SPAC model’s transparency and process, they still believe in light of the number of SPAC listings to date particularly in the US that SPACs will continue to be the dominant growth engine for larger M&A and private equity deals and will continue to disrupt this part of the market for some time to come.