Business Standard

SPAC mergers are here to stay, says Gaurav Burman, scion of Dabur family

There are 578 active special purpose acquisition companies, with a combined capital of about $172 billion

Gaurav Burman
Premium

Gaurav Burman

Alex Sazonov | Bloomberg
Gaurav Burman, who hails from a billionaire Indian consumer-goods family, says the boom in blank-check company mergers may have eased, but don’t expect SPACs to go away. 

“Obviously, there are a lot of SPACs out there looking for deals, and there’ve been some public and visible retreats,” Burman, 49, said in an interview. But “sponsors that have a lot of credibility” will “be able to separate themselves from the pack.”

There are 578 active special purpose acquisition companies, with a combined capital of about $172 billion, according to the website SPACResearch.com. But the market for SPAC mergers has cooled and

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 09 2021 | 8:58 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com