LONDON, December 08, 2021 – Willis Towers Watson (NASDAQ:WLTW), today announced that it had secured the insurance placement of the Hambros Perks Acquisition Company, the first listing of a SPAC on the London Stock Exchange.
The SPAC vehicle aims to raise up to 150 million pounds ($201 million) through the listing and will focus on "high-performing" technology companies and will be looking at business combinations with targets valued at 800 million pounds or more.
SPACs are investment vehicles that raise money on stock markets to buy private businesses, providing an easy route for the target to gain a listing without going through the rigorous process of a traditional initial public offering (IPO).
“Up until recently, London and the EU have not seen the same volume of SPACS as the US and I am delighted that we have placed the first listing of a SPAC on the London Stock Exchange. This is a significant placement for Willis Towers Watson and demonstrates the depth and specialist knowledge of our global FINEX team. We see significant opportunities in this area and have initiated a SPACs taskforce to respond to increasing client demand” Said, Jeremy Wall, Head of Global Finex.
“I am delighted that we have placed the first listing of a SPAC on the London Stock Exchange. This is a significant placement for Willis Towers Watson and demonstrates the depth and specialist knowledge of our global FINEX team.”
Jeremy Wall | Head of Global Finex
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential.
