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

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