Kroll board member Olivier Sarkozy provides an outlook on the SPACs

The special purpose acquisition company (SPAC) market has boomed over the past several years, with continued increases in IPO activity and record completions of de-SPAC transactions.

Special Purpose Acquisition Companies (SPAC) Market Report – Fall 2020

Through September 30, 2020:

  • Since January 1, 2017, 90 de-SPAC transactions have been completed, totaling over $90 billion of transaction enterprise value. An additional 44 de- SPAC transactions are currently pending.
  • There are 150 SPACs actively seeking acquisition targets, representing over $48 billion of IPO proceeds, or approximately 65% of all SPAC IPO proceeds since the beginning of 2017.
  • An additional 55 SPACs are preparing for IPOs, demonstrating the continued growth of the SPAC market.

Read the full report for more details on SPAC market activity and de-SPAC transaction highlights.



Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.


Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

SPAC Advisory Services

Focused expertise for SPAC transactions.