FT Due Diligence

The story behind Spacs’ spectacular fall from grace

Spacs – short for special purpose acquisition companies, emerged from the backwaters of finance to become one of the most in-demand asset classes on Wall Street during the global pandemic. They pulled in celebrities, well-known financiers, and retail investors. But as Ortenca Aliaj explains, the Spac craze turned out to be shortlived, leaving angry investors and a tough regulatory environment in its wake.

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FT Due Diligence

FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.

FT Due Diligence is a video channel analysing the fast-moving world of M&A, illuminating the trends behind the complex global transactions and how to unlock value from acquisition deals. The channel alternates between independent reporting from FT journalists and insight on global dealmaking from law firm Baker McKenzie.