The SPAC Report - December 2007

Big Names, Bigger Deals

Industry Awaits Post-Merger Returns of Larger SPACs

Two years ago, a $100 million SPAC was a headline grabber. Not any more. Full Story

Chinese SPACs Use Innovation to Get Around Circular 106

When it comes to SPACs, it seems that it's a lot easier to raise money than to spend it. Of the 200-plus such vehicles in existence, only about 40 have actually completed acquisitions. It is estimated that more than $12 billion is stagnating in escrow.

The situation is as bad or worse when China is added to the mix. Slightly more than 20 SPACs have been set up to acquire companies in that country. Of those, only seven have announced agreements to undertake business combinations and only four have actually completed deals.

Good Harbor Tests Limits of SPAC Survival

Many in the SPAC universe are paying close attention to Good Harbor Partners. Unable to successfully close a deal, the SPAC is attempting to restructure and retain its listing after returning its escrowed funds to eligible shareholders. Full Story

News In Brief

  • SPACs Find Home in Europe
  • Deutsche Bank Hires Legend Bankers to Expand SPAC Focus
  • EarlyBird Promotes New Structures
  • Activist Investor Adds SPACs to Arsenal
  • Perella Sponsors BPW
  • Hicks Family Proliferates SPACs
  • Precision Therapeutics Ditches IPO for Merger with SPAC
  • Greenhill Sponsors SPAC
  • Intl. Brands Sets High Veto Threshold
  • Sponsors Invest Heavily in iStar
  • NTR Funds Merger with $35M PIPE
  • Real Estate Investor Moves into SPACs
  • Jaguar Shares Stir Before Merger News
  • Bear Stearns Underwrites First SPAC
  • Hirings & Firings
  • DATA TABLES

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