In this Research Note, we examine companies in the proptech and smart buildings space which have opted for a SPAC route to become publicly listed in 2021 and 2022 to date, based on their annual reports, investor presentations, our M&A transactions database and analysis of previous deals.   SPAC acquisitions accounted for 11 completed transactions in the smart buildings space in 2021. This year to date, a further 5 SPAC acquisitions have been announced or completed.  In the smart home space, 2 of Europe’s first SPAC smart building deals were announced this year: Tado in Germany and Ondo in the UK. Tado, based in Munich is a startup provider of smart thermostats and home climate controls. The firm is set to go public on the Frankfurt Stock Exchange merging with Luxembourg based blank check company GFJ ESG Acquisition I. The deal, which will also involve an additional private investment round, is expected to value Tado at around €400 million. The company is forecasting […]