• Gustavo Bernal Torres

Special-Purpose Acquisition Companies (SPACs)

Special-Purpose Acquisition Companies (SPAC) are becoming increasingly popular to fund sustainable enterprises-

  • McKinsey analyzed the performance of recent SPACs—a mixed track record—and found that SPACs that are led or co-led by operators, rather than solely by investors, tend to outperform throughout the deal cycle.

  • As of August 2020, SPACs that were actively seeking business combinations held about $60 billion of capital (across more than 100 SPACs) and made up 81 out of 111 US IPOs.

  • "Done well, SPACs combine the best of private and public ownership: the superior rigor of PE-style governance and the lower capital costs of public firms."

Source: https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/earning-the-premium-a-recipe-for-long-term-spac-success#

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