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Viewsroom

Viewsroom: Breakingviews’ new SPAC needs a name

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 18 February 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

Blank check mania has crossed the Atlantic, bringing with it hopes of riches for well-connected financiers, underwriters, startup founders and ordinary investors. The U.S. example, though, offers some warning signs, our columnists suggest, as they ponder a vehicle of their own. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Something unexpected has arrived in Happy Meal.

0:03.2

Teenage Mutant Ninja Turtles and Hello Kitty and friends are teaming up for the ultimate collab.

0:08.3

Joining your little ones on a fun-fueled adventure.

0:11.0

Some fun, some food, it's all inside this Happy Meal.

0:16.3

Until the 2nd of February from 11am includes one pre-selected book or toy whilst that's last.

0:20.3

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:30.1

Welcome to the Views, a weekly podcast brought to you by Reuters' Breaking Views. I'm Rob Cox,

0:34.7

the editor of Breaking Views, coming to you from Zurich, Switzerland.

0:44.2

Well, as Breaking Views predicted, SPACMania has crossed the Atlantic. Well-connected financiers are raising money in special purpose acquisition vehicles, just like their American cousins have been

0:48.1

doing in droves for the past 18 months. Jean-Pierre Mustier, the former CEO of Green Credit,

0:53.7

announced his plan this week,

0:55.3

alongside Bernard Arnaud's investment company and TKO Capital in Paris to buy something

1:00.2

in the financial services business, and he won't be alone. Lots of former bankers, well-known

1:05.1

investors, and industrialists across the continent have been watching with envy as Wall Street

1:10.0

is feasted upon the

1:11.0

Fee Bonanza attached to the SPAC craze. So this week I chatted with Peter Thal Larson, our

1:15.9

London-based EMEA editor, our Deals chieftain Lauren Loughlin, and Rob Searin in New York,

1:21.1

who's been covering many of the actual DELC SPACs have been deploying their capital for,

1:25.2

to get a feel for how things will develop on this side of the pond.

1:28.7

Oh, we also wrote a while back about opening our own SPAC.

1:33.5

We haven't yet gotten there, but we are trying to think about a name.

1:36.7

If you've got one, send me an email.

...

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