European SPACs Data Hub

De-SPAC deal volumes came in slightly lower month-on-month, with the three transactions involving European assets in October down marginally on the five transactions secured in September..

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Overview

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.

SPAC IPO Activity (PNG)

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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 31 October 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

32

78

Total

41

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 31 October 2021.

Issuer nation

Number of issues

Market share (%)

United Kingdom

12 29

Netherlands

7 17

France

6 15

Luxembourg

5 12

Italy

4 10

Sweden

4 10

Finland

2 5

Cayman Islands

1 2

Total

41 100

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 31 October 2021

Primary exchange nation

Number of issues

Market share (%)

Netherlands

11 34

United Kingdom

5 16

France

4 12

Sweden

4 12

Germany

4 12

Finland

2 7

Italy

2

7

Total

32 100

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 31 October 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 31 October 2021.

1 January 2019 to 31 October 2021

Announcement year

Number of deals

Market share (%)

Deal value (US$M)

2019 

6

9

1,212.95

2020

13

20

16,495.67

2021

46

71

70,621.57

Total

65 100 88,330.19

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 31 October 2021

Announcement year

Number of deals

Deal value (US$M)

2019

5

1,212.95

2020

10

4,574.32

2021

46

70,621.57

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 31 October 2021.

1 January 2019 to 31 October 2021

Target industry

Number of deals

Market share (%)

Deal value (US$M)

High Technology

14 21 12,746.12

Financials

11 17 7,592.34

Healthcare

9 14 4,595.98

Industrials

8 12 30,908.47

Materials

4 6 11,774.47

Retail

4 6 9,372.49

Media and Entertainment

4 6 5,338.36

Consumer Products and Services

4 6 2,304.28

Energy and Power

4 6 2,112.36

Consumer Staples

2 3 1,568.50

Real Estate

1 2 16.84

Total

65 100 88,330.19

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 31 October 2021.

01 January 2019 to 31 October 2021

Target nation

Number of deals

Market share (%)

Deal value ( (US$M)

United Kingdom 28

42

26,758.97

Germany

8 11 7,230.91

Italy

6 9 2,073.92

Luxembourg

4

6

17,614.21

Switzerland

4 6 2,944.57

Netherlands

3 5 3,269.00

Sweden

2 3 19,755.17

Republic of Ireland

2 3 587.00

Spain

2 2 521.68

Guernsey

1

2

4,750.00

Cyprus

1 2 2,032.50

Norway

1 2 410.00

Finland

1 2 355.63

Greece

1 2 26.63

Lithuania

1 2 -

Total

65 100 88,330.19

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 31 October 2021.

1 January 2019 to 31 October 2021

Acquiror nation

Number of deals

Market share (%)

Deal value (US$M)

United States

30 49.2 77,573.92

United Kingdom

15 23.1 2,827.96

Italy

5 7.7 519.92

Germany

3 4.6 601.44

Cayman Islands

2 3.1 1,964.00

Jersey

2 3.1 51.17

Russian Federation

1 1.5  2,032.50

Singapore

1 1.5  1,118.59

Luxembourg

1 1.5 1,083.21

Finland

1 1.5 355.63

Mexico

1 1.5 191.68

Sweden

1 1.5 10.17

Lithuania 

1 1.5 -

Netherlands

1 1.5 -

Total

65 100 88,330.19

Source: Refinitiv, an LSEG business

 

Click here to download the full SPAC data