21 April 2021

The SPACs phenomenon

Dominic Carman


Featured in our Offshore Report (April 2021)


The big story so far this year, and it’s continuing to expand outside the original US base, is SPACs,’ says Edward Mackereth, Ogier’s global managing partner. There is no doubt that SPACs – an acronym for special purpose acquisition companies – are indeed big news.

Although they have existed for decades on public markets, a tipping point occurred in 2019 when private equity firms began to use SPACs more often, creating an explosion of interest over the past 12 months in this relatively arcane financial instrument. Activity has been high both onshore and offshore.

Related News

August 2023 News

Securitisation and Cayman Orphan SPVs – Part Three

In the final article in a series of three, Paul Trewartha and Simon Lawrenson, Partners at Mourant Hong Kong, examine the key features of a securitisation vehicle and the advantages of utilising an Orphan SPV in the Cayman Islands for a securitisation transaction.   In the first article of the series Securitisation and Cayman Orphan ...

August 2023 News

Swiss crowdfunding on the rise

Last year, more than CHF 650m was raised via crowdfunding platforms in Switzerland. Loyens & Loeff Zurich partner Judith Raijmakers and associates Florian Willi and Flurin Oehen, explain how it works

July 2023 News

Cream of Jersey: best in class

Dominic Carman meets with the managing partners of Jersey’s elite law firms to discover how they are rising above economic challenges to deliver growth   Enjoying a preeminent reputation as a major international finance centre that is both stable and at the forefront of international regulation, Jersey is often cited as a best-in-class offshore jurisdiction. ...

July 2023 News

Jersey Finance: ‘doing an amazing job’

Jersey Finance promotes the island’s unique proposition on a global stage – from San Francisco to Singapore. So, how does it benchmark success?