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.
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
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