SPACs

Do most banks have a dedicated SPAC team within IB?

Do SPAC teams usually work in tandem with ECM and M&A or do they handle the modeling themselves?

What type of exit opps do junior bankers on these teams usually have?

Looking at the league tables this year, it seems the BBs have stepped up their game whereas in the past CS and Cantor were the top banks for SPACs. Does anyone working in the industry have any outlook on the direction of the super hot SPAC market right now?

I have been having some trouble finding info about SPACs on here and any input is greatly appreciated, feel free to pm me or comment so I can pm you, thanks.




 

The SPAC teams sit within ECM. Some firms have a SPAC-dedicated group within M&A that focuses on helping SPACs find targets. ECM will be involved in the IPO of the SPAC and raising the PIPE on the back-end for the M&A. 

No one cared about SPACs until 6 months ago because they're only hot in volatile markets. 

 

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