SPACs

Story

FinAccel agrees merger with VPC-sponsored SPAC

FinAccel agrees merger with VPC-sponsored SPAC

FinAccel, the parent of Kredivo, an AI-enabled digital consumer credit platform in Southeast Asia, and VPC Impact Acquisition Holdings II (VPCB), a special purpose acquisition company sponsored by Victory Park Capital (VPC), have entered into a definitive agreement for a business combination that will result in FinAccel becoming a publicly traded company with an expected pro forma equity value of approximately USD2.5 billion, assuming no redemptions.

Story

Charterhouse Capital Partners-backed Mirion to list on NYSE via combination with GS Acquisition Holdings Corp II

Charterhouse Capital Partners-backed Mirion to list on NYSE via combination with GS Acquisition Holdings Corp II

Private equity firm Charterhouse Capital Partners portfolio company Mirion Technologies (Mirion) has entered into a Business Combination Agreement with GS Acquisition Holdings Corp II (GSAH), which would see the Company list on the New York Stock Exchange. 

Story

Babylon Holdings to merge with Akuri Global Acquisition Corp

Babylon Holdings to merge with Akuri Global Acquisition Corp

Babylon Holdings Limited (Babylon), a digital-first value-based care company, and Alkuri Global Acquisition Corp (Alkuri Global), a special purpose acquisition company, today announced that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Babylon and plans to trade on Nasdaq under the new symbol “BBLN”. The transaction reflects an initial pro forma equity value of approximately USD4.2 billion. The transaction is expected to close in the second half of 2021. 

Story

SPACs continue to be viewed as favourable investment opportunities, says Katten survey

SPACs continue to be viewed as favourable investment opportunities, says Katten survey

Katten’s 2021 SPAC Survey, which is based on the results of one poll of 80 investment professionals in March and another of 100 investment professionals in May, has found that investors who participated in at least one SPAC transaction – as either sponsors, investors, advisors or underwriters – say they expect SPAC activity to increase at least through 2022.