Credit: Dusan Petkovic/Shutterstock.com Deal Watch: 23andMe Goes Public, Big Pharma Buys, and Even More SPACs
In addition to another week of SPAC creations, many special acquisition companies are making their buys.
February 08, 2021 at 03:47 PM
14 minute read
Two deals set the tone in deal value last week—Jazz Pharmaceuticals buying GW Pharmaceuticals for $7.2 billion and CoreLogic being acquired for $6.2 billion by Stone Point Capital and Insight Partners. But there were also several SPACs also made buys that had valuations over $1 billion.
The number of SPACs each week in 2021 continues to outpace the vehicle's activity in 2020, which was a record-setting year itself. An additional 15 special acquisition companies formed in the last week, while eight others already in existence reported making buys over the last seven days.
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