SPACs

The growth of special purpose acquisition companies last year added more than $40bn to the pile of capital chasing buyout deals, according to the consulting firm's latest report.

Firms should take a step back and see how the SPAC phenomenon settles, says the alternatives giant's chief executive Kewsong Lee.

The US market for special purpose acquisition companies is not a game the company wants to play, co-founder Mathieu Chabran tells PEI.

The growth of special purpose acquisition companies could eat into buying opportunities across private equity, venture capital and growth, according to Michael Arougheti.