Factbox: The main European PSPC lists this year

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Bullish and bearish symbols for successful and bad trades can be seen outside the German Stock Exchange (Deutsche Boerse) in Frankfurt, Germany on February 12, 2019. REUTERS / Kai Pfaffenbach / File Photo

Sept. 27 (Reuters) – IPOs of companies through so-called blank check companies, or SPACs, took U.S. markets by storm last year, but Europe has been slow to take the path of traditional listing and initial public offerings (IPOs) still dominate. Read more

European PSPCs have raised $ 6.6 billion so far this year, according to data from Refinitiv. While that’s only $ 500 million in 2020, it’s still only about 5% of the value of PSPC deals in the United States in 2021.

Here are some of the biggest European PSPC contracts this year:

PEGASUS EUROPE (PACE.AS)

Raised 500 million euros ($ 586 million)

Launched by the richest man in France Bernard Arnault and the former CEO of UniCredit (CRDI.MI) Jean Pierre Mustier

Listed in Amsterdam on April 29

Aims to buy a financial services company

EFIC1 (EFIC1.AS)

€ 415 million raised

Started by former CEO of Commerzbank (CBKG.DE) Martin Blessing

Debut in Amsterdam on March 26

Aims to acquire a financial services company

EUROPEAN GROWTH HEDOSOPHIA (HEGA.AS)

400 million euros raised

Launched by British tech investor Ian Osborne

Listed in Amsterdam on May 14

Aims to buy a tech company in Europe

468 SPAC (SPACG.DE)

300 million euros raised

Launched by the German founder of the venture capital fund Alexander Kudlich

Listed in Frankfurt on April 30

Merge with children’s entertainment company Boxine for around € 1 billion

ACCOR ACQUISITION COMPANY (AACSH_p.PA)

300 million euros raised

Launched by the largest hotel group in Europe Accor (ACCP.PA)

Listed in Paris on June 1

Target of acquisitions in the leisure, lifestyle and food sectors

STAR LAKE

Launched by German tech investor Klaus Hommels

Raised 275 million euros during its IPO

Listed in Frankfurt on February 22 read more

Merger with German travel tech startup HomeToGo (HTGG.DE) which began trading on the Frankfurt Stock Exchange on September 22.

I2PO (I2PO.PA)

Launched by French billionaire François Pinault and banker Matthieu Pigasse

275 million euros raised

Listed in Paris on July 20

Aims to acquire a business operating in the entertainment or leisure industries

BASIC ESG INVESTMENTS (ESG.AS)

250 million euros raised

Launched by Dutch family-owned investment company Infestos

Joined Amsterdam on February 12

Aims to acquire a European company focused on sustainable development

TRANSITION (TRAN_p.PA)

215 million euros raised

Launched by French businessman Xavier Caitucoli and former investment banker Erik Maris

Listed in Paris on June 22

Aims to acquire one or more companies recognized in the energy transition sector and headquartered in Europe read more

DEE TECH (DEE_p.PA)

Raised 165 million euros

Launched by French businessmen Marc Menase, Michael Benabou and Charles-Hubert de Chaudenay

Listed in Paris on June 25

Aims to acquire a technology company Learn more

($ 1 = € 0.8536)

Reporting by Anait Miridzhanian; Additional reporting by Pawel Goraj; Editing by David Clarke

Our Standards: The Thomson Reuters Trust Principles.


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