Getty Images to return to public markets in near $5 bln SPAC deal
Getty Images on Friday agreed to return to public markets through a merger with a blank-check firm backed by CC Capital and Neuberger Berman, in a deal valuing the supplier of stock photos and videos at about $4.8 billion including debt. The deal with CC Neuberger Principal Holdings II PRPB.N will provide the company with proceeds of […]
Weather security platform Tomorrow.io to go public via $1.2 bln SPAC deal
Weather and security platform Tomorrow.io will go public through a merger with a blank-check firm in a deal worth nearly $1.2 billion, the companies said on Tuesday. The deal with special purpose acquisition company (SPAC) Pine Technology Acquisition Corp, which is expected to close in the first half of 2022, will fetch up to $420 […]
Digital content platform FaZe Clan to go public in $1 bln SPAC deal
Online content and gaming platform FaZe Clan Inc said on Monday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1 billion. Offerings from FaZe Clan, which was launched in 2010, include online gaming, esports, sports merchandise and digital content that targets millennial […]
Private securities marketplace Forge Global to go public via $2 billion SPAC deal
Forge Global Inc, a marketplace that allows people to trade in shares of private companies, will go public through a merger with a blank-check firm valuing the combined company at $2 billion. The deal with Motive Capital Corp, announced on Monday, includes $68.5 million in funding from ION Group, Singapore state investor Temasek and Adit […]
Boeing plans to invest in Virgin Orbit’s $ 3.2 billion SPAC listing
Richard Branson’s Virgin Orbit said Boeing will invest in a $ 3.2 billion SPAC listing of a satellite launch startup scheduled for later this year. This investment is because the plane maker’s own space program faces hurdles. Virgin Orbit said it will be listed on the Nasdaq stock market by merging with former Goldman Sachs […]
ReNew Power’s $1 billion SPAC deal may blaze a trail to Wall Street for Indian unicorns
When ReNew Power, one of India’s leading renewable energy producers, merges Tuesday with Nasdaq-listed RMG Acquisition Corp. II, it is expected to become the first Indian company to raise more than $1 billion by combining with a U.S. special purpose acquisition company (SPAC). Investors are watching the deal closely because it could pave the way […]
Vistra launches SPAC and de-SPAC services
Vistra has launch its Special Purpose Acquisition Companies (SPAC) service, which aims to provide a tailored proposition built around the key phases of a SPAC to address each stage of growth – beginning with an IPO through to de-SPACing and business growth. Leveraging Vistra’s extensive expertise across multiple jurisdictions, sectors, and intermediary relationships, Vistra supports […]
BBQGuys, Backed by Eli and Peyton Manning, Inks $963 Million Velocity SPAC Deal
BBQGuys, an e-commerce platform for grills and related products backed by retired American football stars Eli Manning and Peyton Manning, has agreed to go public through Velocity Acquisition Corp., a blank-check firm. The transaction values the combined entity at $963 million, and sets up the Baton Rouge, Louisiana-based company for future growth, Velocity founder Doug Jacob […]
Apollo heads to Amsterdam to pioneer first European private equity-led SPAC
Apollo Global Management is planning to launch a blank-cheque firm in Amsterdam in what will be the first such vehicle led by an alternative asset manager to go public in Europe, a source said, crowning a hectic season for buyout funds globally. Apollo is looking to raise about 400 million euros ($472.68 million) from a […]
Israel’s ironSource trades in New York after $11 billion SPAC merger
Israeli mobile adtech firm ironSource went public on the New York Stock Exchange on Tuesday after closing its merger with a blank-check company backed by U.S. private equity firm Thoma Bravo. The public debut comes three months after the announcement of the merger with Thoma Bravo Advantage, a special purpose acquisition company (SPAC), and marks […]
