#TechWatchbySeb — Weekly issue #12 — The SPAC fever— 22nd Feb 2021
The SPAC Fever
Feb 22nd 2021
Hello my friends 🖐,
and welcome back to the Monday #TechWatchbySeb ☕️
Back in December 2020, I published a #TechWatchbySeb and introduced it: “SPACs are invading Europe”. At that time it was just about a few operations involving European players. But since then… we can see an incredible hype with those Special Purpose company, so-called SPAC.
And this trend, which started in the US back in 2019, is accelerating in Europe. Only within the last week, we’ve seen 3 major operations worth $700M (and probably others that I haven't covered) :
Dominik Richter, the founder of the German startup HelloFresh is launching his own SPAC with the aim to acquire shares worth 200–250 M$
Klaus Hommels, a Tech Investor is launching a SPAC that should be listed in Frankfurt and is looking to invest around $332M in a European Tech Company
Ivan Tavrin, founder and CEO of Kimset capital is launching his second SPAC to invest $200M in a European Tech Company
This is just a snapshot of opportunities I’ve seen recently but a lot more should come…
With the expansion of European Tech companies, it will be a great opportunity for some companies to get listed easily and with this bullish market an opportunity for Investors to get a nice return. However, to make this system work, the market needs to be very bullish, as it is today. But how long will it stay like this ? and How those SPAC would value when the market will start a correction? because one day it will.
Many questions but only time will tell…
#TECHWATCHBYSEB — WEEKLY ISSUE #12
🥇 Acquisition of Humio for $400M
🥈Carzoo planning to go public with a $8Bn Valuation
The online car retailer Cazoo 🇬🇧, founded by one of Britain’s best-known technology entrepreneurs, is planning for a SPAC merger to get listed with a targeted valuation well over £5bn.
🥉 New fund of $242M to finance Emerging Europe companies
Earlybird Digital East Fund has launched a new fund of $242 million with a focus on financing seed and Series-A in “Emerging Europan Companies” (Baltics to Central and Eastern Europe, and Turkey).
That’s it for this week, wishing you a great week ahead🖐
Stay safe ❤️
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