Willis Towers Watson has secured the insurance placement of the Hambros Perks Acquisition Company, the first listing of a SPAC on the London Stock Exchange.
The SPAC vehicle aims to raise up to £150m through the listing, focusing on high-performing technology companies and looking at business combinations with targets valued at £800m or more.
Jeremy Wall (pictured), global head of Finex at WTW, said: “Up until recently, London and the EU have not seen the same volume of SPACS as the US and I am delighted that we have placed the first listing of a SPAC on the London Stock Exchange. This is a significant placement for Willis Towers Watson and demonstrates the depth and specialist knowledge of our global FINEX team. We see significant opportunities in this area and have initiated a SPACs taskforce to respond to increasing client demand”
SPACs are investment vehicles that raise money on stock markets to buy private businesses, providing an easy route for the target to gain a listing without going through the rigorous process of a traditional IPO.
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