Insight

SPACs market report: Q2 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

Between May and June, the overall market trends in SPACs remained steady. As of the end of June, there were 424 SPACs in operation, three fewer than at the end of April. More than two-thirds of them had to find targets within the next 19-24 months. Technology, media and telecom (34.7 percent) and healthcare & life sciences (13.7 percent) also remained the most sought-after sectors.

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

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

 

Number of SPACs looking for target companies, by industry (as of June 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