In this episode, the speakers explore why SPACs remain highly relevant despite market volatility and regulatory headwinds.
In 2021, more than 40% of new public companies listed through mergers with Special Purpose Acquisition Companies (SPACs). While SPACs have been around for decades, the boom of the last few years has dominated its narrative in the marketplace. Today, there are hundreds of SPACs seeking “transactable” targets that face potential liquidation in the next year or so if deals aren’t made. Against this backdrop, SPAC sponsors are operating in an extremely choppy market environment for SPACs and other new issues, and recently proposed Securities and Exchange Commission (SEC) regulation has increased uncertainty in an already uneasy deal-making environment.
Today’s episode explores why SPACs remain highly relevant in EY dialogue with operating companies and their backers despite the market and regulatory headwinds.
What is in store for SPACs over the next one to two years and beyond?
- Recent innovation and complexity in SPAC mergers
- Evolving negotiation dynamics in recent dealmaking processes
- Ongoing evolution of what makes an attractive operating company for a SPAC merger
- Transforming and adapting of SPACs in the face of the current challenges
For your convenience, full text transcript of this podcast is also available. Read the transcript.
Presenters
Karim Anani
EY Americas Financial Accounting Advisory Services Transactions Leader; SPAC Co-Leader
Winna Brown
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLPPodcast
Episode 49
Duration 30m 00s
In this series
Series overviewWhat’s in store for SPACs
Episode 49
Presenters
EY Americas Financial Accounting Advisory Services Transactions Leader; SPAC Co-Leader
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
How today’s economic rebalancing is impacting PE
Episode 48
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EY-Parthenon Chief Economist, Strategy and Transactions, Ernst & Young LLP
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
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Episode 47
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EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
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Episode 46
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EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
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Episode 45
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Executive Director of the Nelson Center for Entrepreneurship at Brown University
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Why mentoring matters for women in PE
Episode 44
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CEO of Level20
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
How PE firms can win tech deals
Episode 43
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EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
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PE Pulse: Five takeaways from 4Q 2021
Episode 42
