Blank-cheque companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.

Special-purpose acquisition companies, or Spacs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from Spac Research.