SPAC to de-SPAC: What’s Next for the Hottest Fundraising Vehicle?

By Team DealStreetAsia

February 18, 2021

DealStreetAsia’s first webinar of 2021 will take place this 26 February

Join us as we bring Ravi Thakran (Aspirational Consumer Lifestyle Corp), Helen Wong (Qiming Venture Partners) & Jun Hong Heng (Crescent Cove Advisors) to decode the SPAC frenzy and the way ahead.

As global SPACs raised $79 billion in 2020; and $24.26 billion in January 2021 alone, sponsors are now racing to find acquisition targets, even as more capital continues to be raised by SPACs. Asia is a prime hunting ground, with a number of ready-to-list tech unicorns.

Southeast Asia, too, has caught the SPAC fever, even as the vehicle’s track record remains patchy.

What is making players, including venture capital and private equity firms, jump into the SPAC fray? What makes for a successful de-SPAC? Are SPACs likely to disrupt deal flow for alternative asset firms?

Let’s discuss and hear from them in this exclusive webinar. Register now

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW