“SPACs are a massive accelerator of deals, but the types of SPACs that will succeed going forward are more institutional in nature. Investors are no longer buying into these vehicles indiscriminately unless they have a solid story and management team,” said Dominic Lester, European head of investment banking at Jefferies.
“From an equity capital markets perspective, it’s been a foundational and break-out year. We have been active with clients in technology and healthcare, capitalising on their strong stock prices and raising capital opportunistically.” said Dominic Lester, head of European investment.
