Insight

SPACs market report: April 2021

Industry, transaction value and timeframe analysis of the market for special-purpose acquisition company merger prospects.

Dean Bell

Dean Bell

Transaction Services Service Line Leader, KPMG US

+1 212-872-5527

Insights from the KPMG SPAC Intel Hub.

SPAC outlook

After a torrid start in the first quarter of 2021 when 209 new SPACs were launched, the pace has slowed significantly in April. There were 427 SPACs searching for target companies as of the end of April, six fewer than at the start of the month. A vast majority of them—358—still have 19-24 months to seal a deal. And the most popular sector remains technology, media and telecom (35.1 percent), followed by healthcare & life sciences (13.8 percent).

Number of SPACs looking for target companies, by timeframe left (as of April 30, 2021)

Number of SPACs looking for target companies, by amount raised (as of April 30, 2021)

 

Number of SPACs looking for target companies, by industry (as of April 30, 2021)


What SPACs looked for in a target: Cumulative recent data 

For private companies interested in pursuing a SPAC merger, analysis of recently completed transactions may be helpful in gauging the prospects for their own deals in the future. 

Number of SPAC mergers 2018-present

SPAC merger average estimated values 2018-present

Source for all charts: KPMG data analytics based on SEC filings, Capital IQ, Thomson ONE and SPACInsider data