Special Purpose Acquisition Companies

Ropes & Gray is a key player in the SPAC arena, representing the full range of constituencies—sponsors, SPACs, underwriters, investors and initial business combination targets and their owners. We represent clients across all major industries and throughout the SPAC lifecycle, from formation and sponsor matters to IPO, and in the eventual initial business combination and related financing arrangements such as PIPEs.


Ropes & Gray has extensive experience representing SPAC sponsors, issuers and underwriters in connection with initial public offerings, including the largest SPAC IPO ever (Pershing Square Tontine Holdings) and the fastest debut SPAC offering ever (Dragoneer Growth Opportunities Corp.). Ropes & Gray also offers a leading M&A practice, with depth across all key sectors, including TMT, health care, consumer, entertainment, financial services, energy & infrastructure, industrials and more. Clients benefit from our deep knowledge of complex structuring considerations, deal dynamics, market trends and key terms in the full suite of SPAC documents, as well as the breadth of our capital markets and M&A capabilities.