Podcast series – Inside the SPAC: Q&A with EFIC1
12 August 2021
European Fintech Company 1 (EFIC1) raised EUR 365 million in its Special Purpose Acquisition Company (SPAC) IPO on Amsterdam Euronext in March 2021. Which they aim to invest in a EUR 1 billion Fintech company in Europe, through a business combination, making them one of the biggest SPAC IPOs on Amsterdam Euronext at the moment.
Allen & Overy worked closely with EFIC1 on its SPAC IPO. In this Q&A Amsterdam-based corporate counsel, Sjoerd Buijn and capital markets senior associate Daphne van der Houwen, who both worked with EFIC1 on its IPO, spoke with Ben Davey on why EFIC1 choose a SPAC to raise capital, how it aims to find a suitable business to combine with, and current trends in the SPAC market.
We have turned the Q&A into 4 short podcasts. Listen to the series: