European SPACs Data Hub

European SPAC IPO issuance in November climbed to its highest monthly level since July, with total value for November up by just under a third on October figures.

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Overview

De-SPAC deal value also showed strong month-on-month growth in November, with value up just shy of sixfold from October as deal count climbed from three to five.

The White & Case European SPACs Data Hub highlights the key datapoints behind SPAC IPO and De-SPAC M&A trends in Europe on a monthly basis.

 

Click here to download the full SPAC data

 

European SPAC Data & statistics roundup

European SPAC IPOs

These statistics track the SPAC IPOs that have listed on European Stock Exchanges from 1 January 2019 to 30 November 2021.

Annual breakdown of European-listed SPAC IPOs

This chart shows the breakdown of annual SPAC IPOs listed on European Stock Exchanges by value and volume.

Year

Number of issues

Market share (%)

2019

5

12

2020

4

10

2021

35

78

Total

44

100

Source: Refinitiv, an LSEG business

 

Issuer nation by number of SPAC listings

This chart shows the nation of the issuer by number of listings for the period from 1 January 2019 to 30 November 2021.

Issuer nation

Number of issues

Market share (%)

United Kingdom

12 28

Netherlands

8 18

France

6 13

Luxembourg

5 12

Italy

4 9

Sweden

4 9

Finland

2 5

Cayman Islands

1 2

Germany

1

2

Guernsey

1 2

Total

44 100

Source: Refinitiv, an LSEG business

 

Issuance stock exchange by number of SPAC listings

This chart shows the number of SPAC IPO listings on European Stock Exchanges by number, by year.

1 January 2021 to 30 November 2021

Primary exchange nation

Number of issues

Market share (%)

Netherlands

13 37

United Kingdom

6 18

France

4 11

Sweden

4 11

Germany

4 11

Finland

2 6

Italy

2

6

Total

35 100

Source: Refinitiv, an LSEG business

 

Full-year 2020

Primary exchange nation

Number of issues

Market share (%)

United Kingdom

2 50

France

1 25

Netherlands

1 25

Total

4 100

Source: Refinitiv, an LSEG business

 

Full-year 2019

Primary exchange nation

Number of issues

Market share (%)

United Kingdom

4 80

Italy

1 20

Total

5 100

Source: Refinitiv, an LSEG business

 

Click here to download the full SPAC data

 

European De-SPAC Data & statistics roundup

European De-SPAC/business combinations

These statistics track the De-SPAC merges involving a European target from 1 January 2019 to 30 November 2021.

Annual summary of De-SPAC transactions with European target

This chart shows the annual number of De-SPAC mergers with European targets, from 1 January 2019 to 30 November 2021.

1 January 2019 to 30 November 2021

Announcement year

Number of deals

Market share (%)

Deal value (US$M)

2019 

6

9

1,212.95

2020

13

19

16,495.67

2021

49

72

72,713.31

Total

68 100 90,421.93

Source: Refinitiv, an LSEG business

 

Year-to-date comparison of De-SPAC transactions with European target

This chart shows year-to-date comparison of the number of De-SPAC deals with a European target for 2019, 2020 and 2021.

1 January 2019 to 30 November 2021

Announcement year

Number of deals

Deal value (US$M)

2019

5

1,212.95

2020

11

9,912.67

2021

49

72,713.31

Total 68

90,421.93

Source: Refinitiv, an LSEG business

 

Number of De-SPAC deals by target industry

This chart shows the breakdown of De-SPAC deals for European targets, by industry volume over the period 1 January 2019 to 30 November 2021.

1 January 2019 to 30 November 2021

Target industry

Number of deals

Market share (%)

Deal value (US$M)

High Technology

15 22 14,214.66

Financials

11 16 7,592.34

Healthcare

9 13 4,595.98

Industrials

9 13 31,729.47

Consumer Products and Services

5 7 2,922.81

Media and Entertainment

5 7 5,338.36

Materials

4 6 11,774.47

Retail

4 6 9,372.49

Energy and Power

3 5 1,296.02

Consumer Staples

2 3 1,568.50

Real Estate

1 2 16.84

Total

68 100 90,421.93

Source: Refinitiv, an LSEG business

 

Number of De-SPAC deals by target nation

This chart shows the target nation broken down by the number of De-SPAC deals with a European target over the period 1 January 2019 to 30 November 2021.

01 January 2019 to 30 November 2021

Target nation

Number of deals

Market share (%)

Deal value ( (US$M)

United Kingdom 30

44

29,048.52

Germany

8 12 7,230.91

Italy

6 9 2,073.92

Luxembourg

4

7

17,614.21

Netherlands

3 5 3,269.00

Switzerland

3 5 2,128.23

France

2 3 618.53

Sweden

2 3 19,755.17

Republic of Ireland

2 3 587.00

Spain

2

3

521.68

Cyprus

1 1 2,032.50

Norway

1 1 410.00

Lithuania

1 1 -

Guernsey

1 1 4,750.00

Greece

1 1 26.63

Finland

1

1

355.63

Total

65 100 90,421.93

Source: Refinitiv, an LSEG business

 

Number of De-SPAC deals by acquiror nation

This chart shows the acquiror nation broken down by the number of De-SPAC deals with a European target over the period 1 January 2019 to 30 November 2021.

1 January 2019 to 30 November 2021

Acquiror nation

Number of deals

Market share (%)

Deal value (US$M)

United States

30 44 77,578.58

United Kingdom

16 24 4,296.51

Italy

5 7 519.92

Germany

3 4 601.44

Cayman Islands

2 3 1,964.00

France

2 3 618.53

Jersey

2 3 51.17

Finland

1 2 355.63

Lithuania

1 2 -

Luxembourg

1 2 1,083.21

Mexico

1 2 191.68

Netherlands

1 2 -

Russian Federation

1 2 2,032.50

Singapore

1 2 1,118.59

Sweden

1 2 10.17

Total

68 100 90,421.93

Source: Refinitiv, an LSEG business

 

Click here to download the full SPAC data