# SPAC's are the Hottest Trend in Global Deal Making

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Last modified: 2021-04-01

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By Paul Ebeling · 2021-04-01
Tags: Shayne Heffernan on Investments, UBS, GS, Headline News, IPO, Asia, Paul Ebeling, mergers, Education, Opinion, Paul Ebeling, 2021, SPAC, SEPAC
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#mergers #Asia #SPAC #IPO

$GS $UBS

"*The world may have been locked down and masked up, but M&A endured and grew, as SEPACs became the Hot trend in M&A investment banking*" -- Paul Ebeling

Asia’s bankers say they expect the hottest trend in global deal-making, IPOs for SEPAC (special-purpose acquisition vehicles), to soar in the region this yr driven by well-resourced investors including private equity firms.

Globally, SPACs raised $92-B from IPOs in Q-1 of Y 2021, according to Refinitiv data, surpassing all of Y 2020. SPAC mergers, e.g. when the blank check firm uses IPO funds to merge with a target. amounted to $210-B.

But Asia’s representation in the global action has been small so far, as only 11 out of Y 2021’s 304 SPAC IPOs, and just $4.7-B in SPAC mergers. Given the region’s large pool of new-economy companies, bankers are now plugging it as a *hot spot* for merger targets.

The Co-head of M&A for Asia sans-Japan at Goldman Sachs ([NYSE:GS](NYSE:GS)), said the significant increase of Asia-focused SPAC involvement has been the most notable feature in the region’s M&A this yr. Asia M&A hit a 3-yr high of $279.5-B +37% Y-Y, with private equity-backed deals scoring a record $40.6-B.

“These blank check companies (SPACs) have become a new dynamic force and potential merger partner for some of Asia’s most innovative companies,” he said.

The head of Asia M&A at UBS, said SPAC-related activities will last for the large part of this yr. 

The merger candidates and demand from SPACs are there!

Have a healthy day, Keep the Faith!

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