Oliver Samwer is in Spac fever

Rocket Internet's Oliver Samwer only floated his first Spac in March, but he is already planning three more shell companies. The target of the takeovers will probably be companies on the European market.

Just six weeks ago Oliver Samwer brought his first Spac, Rocket Internet Growth Opportunities, to the New York Stock Exchange, and now three new special purpose acquisition companies are already planned, as Gründerszene

reports. Their names are easy to remember: European Growth Opportunities Spac 1, 2 and 3. Samwer is presumably looking for possible companies to acquire in Europe.

Samwer registered Spacs in Luxembourg in late April, according to Gründerszene

. Samwer is joined on the board by colleagues from Rocket Internet: Thus, board member Soheil Mirpour and Vice President Arnd Lodowicks are there. Samwer has also brought in former Rocket Internet legal advisor Julien De Mayer.

With his Spac on the New York Stock Exchange, Samwer was able to collect 210 million euros from investors, a suitable company from the tech industry to take over he has apparently not yet found.

The trend of setting up a Spac has spilled over from America to Germany in the past year and is finding great favour among investors here. Currently, two venture capitalists, Lakestar and 468 Capital, have listed a Spac on the Frankfurt Stock Exchange, and other investors are planning to go public. However, shell companies are also controversial

, partly because acquired companies are far less controlled than in a traditional IPO.