10th SPAC this year

The popularity of SPACS is at an all-time high today. On the same day that VAM Investments comes to Beursplein 5, another SPAC called Energy Transition Partners (ENTP) – the tenth this year – also makes a ‘silent’ debut on the Amsterdam stock exchange. The initiator is a former chairman of the board of British oil company BP. The €175 million in raised capital is intended for the acquisition of an energy company from the European Union, the United Kingdom or Switzerland that is active in the field of energy transition.

Update: Energy Transition Partners fails to find a merger partner and will stop in February 2024 after returning most of the investment.