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
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