Year of the SPAC: Andrew Zarnett, Jefferies
The special purpose acquisition company (SPAC) space is in rude health, says Jefferies’ Andrew Zarnett, and there’s plenty of room for further growth in 2022.
The special purpose acquisition company (SPAC) space is in rude health, says Jefferies’ Andrew Zarnett, and there’s plenty of room for further growth in 2022.
The number of deals struck rose from 248 to 559 in the year, and there are currently 547 SPACs currently looking for a target.
He explains that rather than headwinds, the sector has an excess of opportunities. The sheer number of SPACs on the hunt for partners almost guarantees their popularity - provided valuations remain reasonable to secure market acceptance.