IPOs

Meet the Spac champs nabbing big deals as market tightens up

As the Spac frenzy cools off, companies are looking to well-established names including Alec Gores, Betsy Cohen and Michael Klein for deals, according to a MergerLinks ranking

Blank-cheque companies have attracted celebrity interest over the past 12 months, including from tennis champion Serena Williams
Blank-cheque companies have attracted celebrity interest over the past 12 months, including from tennis champion Serena Williams Photo: Tim Clayton/Getty Images

A handful of high-profile names dominate the rankings of blank-cheque company dealmakers, as investors and potential targets have become more selective about the wave of special purpose acquisition companies.

As the Spac frenzy cools off after more than a year of unprecedented fundraising, companies have looked to well-established names including Alec Gores, Betsy Cohen and Michael Klein for deals, according to a new ranking of so-called ‘de-Spacs’ supplied to Financial News by data provider MergerLinks.

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