Marwyn Acquisition Company III

What Marwyn Acquisition Company III does

Marwyn Acquisition Company III is a Special Purpose Acquisition Company (SPAC) incorporated in the British Virgin Islands on 31 July 2020 and listed on the Main Market of the London Stock Exchange on 4 December 2020 under the ticker MAC3. The vehicle is sponsored and 75%-owned by Marwyn Investment Management LLP, a UK-based investment manager that has executed 13 prior comparable acquisition vehicles with successful platform acquisitions including Advanced Computer Software, BCA Marketplace, Breedon Aggregates, and Entertainment One. The company has no employees, three serving Directors (James Corsellis as Chairman, Antoinette Vanderpuije, and Tom Basset), and operates via a managed services arrangement with Marwyn Capital LLP, which provides corporate finance, secretarial, administration, and accounting services for a monthly fee of £27,484.

The company's sole product is the acquisition vehicle itself, structured to effect a merger, share exchange, asset acquisition, share or debt purchase, reorganisation, or similar business combination with one or more target companies. Target sectors span Automotive & Transport, Clean Technology, Consumer & Luxury Goods, Banking & FinTech, Insurance/Reinsurance/InsurTech, Media & Entertainment, Healthcare & Diagnostics, and B2B Services — all oriented around digitalisation-driven structural change. Capital structure comprises 326,700 Ordinary Shares, 6,020,000 A Shares, and 1 Sponsor Share (£6,346,701 total stated capital), with an additional Forward Purchase Agreement of up to £20 million with Marwyn Value Investors II LP, of which £12 million has been drawn to date.

The business model is a one-time capital appreciation play rather than an operating revenue model: the company generates no revenue until an Initial Acquisition is completed, with returns realised through post-completion value creation, buy-and-build execution, and operational improvements within the acquired entity. Recent activity includes the mutual termination of discussions with Palmer Street Limited in March 2026 (a private capital administrator that concluded a public listing would be premature), after which trading suspension was lifted on 9 March 2026. The vehicle remains in pre-acquisition search mode, with £4.48 million in cash, £2.85 million in net assets, and continued Marwyn sponsorship providing runway for continued target sourcing.

Name

Marwyn Acquisition Company III

Legal name

Marwyn Acquisition Company III Limited

Website

https://marwynac3.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Marwyn Acquisition Company III is a London-listed Special Purpose Acquisition Company (SPAC), sponsored by Marwyn Investment Management LLP, seeking to effect a business combination with a target in digitalisation-driven sectors including FinTech, Clean Technology, Healthcare, and B2B Services. The vehicle has no operating business or revenue.

Ownership category

akta.pro rank

Product category

Special Purpose Acquisition Company

NAICS

Management of Companies and Enterprises (551)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate M&A / Venture Build-to-Buy Programs (Acqui-hire, option-to-acquire) (FSANAHAG)

akta.pro secondary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Special purpose acquisition company
• Acquisition vehicle
• Business combinations
• Investment management
• Buy and build strategy

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Others, Marketing or Sales

Revenue model

1. Platform Acquisition Returns: The company has not yet acquired an operating business and is not yet income generating. As a pre-acquisition vehicle, the company will generate returns through effecting a merger, share exchange, asset acquisition, share or debt purchase, reorganisation, or similar business combination with one or more businesses. The objective is to generate attractive long-term returns for shareholders by supporting sustainable growth, acquisitions, and performance improvements within acquired companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Marwyn Acquisition Company III is a Special Purpose Acquisition Company (SPAC) listed on the Main Market of the London Stock Exchange. The company is formed to identify and complete business combinations (mergers, share exchanges, asset acquisitions, or similar transactions) with one or more target companies in sectors including Automotive & Transport, Clean Technology, Consumer & Luxury Goods, Banking & FinTech, Insurance & InsurTech, Media & Entertainment, Healthcare & Diagnostics, and B2B Services. It is currently a pre-acquisition vehicle holding cash reserves while actively pursuing acquisition targets.

Product overview

Marwyn Acquisition Company III is a single acquisition vehicle (SPAC) listed on the Main Market of the London Stock Exchange. The company has been formed for the purpose of effecting a merger, share exchange, asset acquisition, share or debt purchase, reorganisation, or similar business combination with one or more businesses. It is not a multi-product company — the sole offering is the acquisition vehicle itself, which seeks to partner with sector-leading management teams to identify and secure investment opportunities. The company holds cash reserves while actively pursuing acquisition targets and is backed by Marwyn, which has launched 13 previous comparable acquisition vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• Marwyn Acquisition Company III Acquisition Vehicle A listed acquisition vehicle (SPAC) structured to identify and complete business combinations with one or more target companies. The vehicle seeks to partner with sector-leading management teams to secure investment opportunities, providing a public listing pathway for private companies through combination transactions. Targeted at private companies seeking public capital markets access and institutional/sophisticated investors seeking exposure to SPAC-style acquisition strategies.

Quantifiable outcome

• The company terminated discussions with Palmer Street Limited on 6 March 2026 after mutual agreement. Trading suspension was lifted on 9 March 2026.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered support and core.

• Baker Tilly Channel Islands LimitedsupportOthersIndependent auditor of the company. Address: 2nd Floor, Lime Grove House, Green Street, St Helier, Jersey JE2 4UB. Audited the annual financial statements and reviewed interim financial statements.
• Travers Smith LLPsupportOthersEnglish legal advisers to the Company. Address: 10 Snow Hill, London EC1A 2AL (or 3 Stonecutter Street, EC4A 4AW per main website).
• Conyers Dill & PearmansupportOthersBVI legal advisers to the Company. Address: Commerce House, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands VG1110.
• MUFG Corporate Markets (Guernsey) LimitedsupportOthersRegistrar for the company. Address: Mont Crevelt House, Bulwer Avenue, St Sampson, Guernsey GY2 4LH.
• MUFG Corporate Markets Trustees (UK) LimitedsupportOthersDepository for the company. Address: Central Square, 29 Wellington Street, Leeds LS1 4DL.
• Marwyn Capital LLPcoreOthersProvides corporate finance support, company secretarial, administration and accounting services to the Company. Monthly fee of £27,484 (£26,175 up to 28 February 2025) per calendar month for corporate finance services. Managed services support charged on time spent basis. Total amount charged for period ended 31 December 2025 was £178,451 (31 December 2024: £191,434). James Corsellis is the managing partner, Antoinette Vanderpuije and Tom Basset are also partners.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• 3i Group plc: FTSE 100-listed private equity and venture capital investment firm with a comparable mandate of acquiring and growing businesses across multiple sectors. Represents the institutional-scale incumbent end of the same investment model that MAC3 operates at the smaller, more focused end of the market.
• Caledonia Investments plc: Long-established LSE-listed investment trust with a diversified PE and quoted-equity portfolio. Represents the broader incumbent trust model that MAC3's small, sector-focused SPAC sits within as a more concentrated, event-driven alternative.
• Chrysalis Investments Limited: LSE Main Market-listed investment company providing growth capital to late-stage private companies, primarily in the UK and Europe. Larger, more established incumbent in the same listed-private-investment category, with similar digitalisation-driven sector focus and public-equity investor base.
• Hg Capital Trust plc: LSE-listed investment trust providing investors exposure to Hg's software and services-focused private equity portfolio. Comparable as a listed-PE-investment-vehicle serving UK institutional and retail investors seeking diversified exposure to PE returns, with overlapping B2B Services target vertical.
• Apax Global Alpha Limited: LSE-listed investment company providing diversified exposure to Apax Partners' private equity funds. Comparable as a listed-PE-investment-vehicle serving retail and institutional investors with comparable dividend and NAV-driven return profile.
• ICG Enterprise Trust plc: LSE-listed investment trust focused on buyout and growth-stage private companies, primarily in Europe. Operates a closely analogous listed-PE-investment model with comparable investor base, fund-of-funds structure, and long-duration capital pool.
• HarbourVest Global Private Equity Limited: LSE-listed investment company providing exposure to a global portfolio of primary private equity fund commitments, secondary investments, and direct co-investments. Functions as a larger, more diversified listed-PE-investment-vehicle serving the same type of public-market investor.

Direct peers

• Marwyn Acquisition Company II: Direct sister vehicle sponsored by Marwyn Investment Management, listed on the LSE Main Market with the same acquisition mandate, target verticals, and team infrastructure. Operates the same SPAC model with parallel capital structure and forward purchase agreement mechanics.
• Augmentum Fintech plc: LSE-listed investment company focused on early- and growth-stage fintech businesses across the UK and Europe. While not a SPAC, it shares the same Marwyn-backed listed-investment-vehicle model, vertical specialisation (FinTech overlap with MAC3's Banking & FinTech target), and public-market fundraising structure.
• Round Hill Acquisitions Corporation: LSE Main Market-listed SPAC targeting real estate and real-asset-related operating businesses, structured with a similar BVI holding company, sponsor-promoted forward purchase agreement, and timed acquisition window. Closest direct comparable by listing venue, structure, and lifecycle stage.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marwyn Acquisition Company III