Europe has been slow to catch on to the boom in blank-check companies, but signs of oversaturation in the US suggest the continent’s turn is coming, PitchBook reports.
European sponsors have previously been more inclined to list their SPACs in the US than domestically. Recent examples include German investor Rocket Internet, which launched Rocket Internet Growth Opportunities in March, and former Credit Suisse CEO Tidjane Thiam, who co-founded Freedom Acquisition I Corp. However, a potential SEC clampdown and an increasingly crowded US market have made Europe more attractive, particularly for vehicles looking for non-US assets. Read more.
