Inside Turkey: SPACs

June 25, 2021
Interest in special purpose acquisition companies (SPACs) has globally reached new heights.

SPAC transactions, so far in 2021, account for nearly 75 percent of initial public offering (IPO) activity in the United States. While in Europe, London remained the most popular market for SPAC IPOs in 2020 and so far in 2021, other markets including in particular Amsterdam have also attracted a number of SPAC IPOs.

After a long period of many US SPACs merging with US targets, we are now seeing US SPACs, as well as European SPACs, in pursuit of non-US targets with significant interest in the emerging markets.

To find out exactly what advantages a SPAC transaction may offer to Turkish companies, Ayşe Yüksel Mahfoud, Global Head of Corporate, M&A and Securities and our Istanbul Partner-in-Charge, recently spoke with Norton Rose Fulbright partners Thomas Vita and Trevor Pinkerton. Read the full interview here