Grab Draws T. Rowe, Temasek Backing for Record SPAC Deal
Grab Holdings Inc., the Southeast Asian ride-hailing and delivery giant, has attracted backing from T. Rowe Price Group Inc. and Temasek Holdings Pte for its planned merger with a blank-check company, people with knowledge of the matter said. The firms have expressed interest in joining a private investment in public equity offering, or PIPE, to […]
SIGNA Sports United in talks to go public through SPAC deal
Sporting goods retailer SIGNA Sports United, owned by Austrian investor Rene Benko, is in talks to go public through a merger with a blank check company in a deal that could value the firm at up to $4 billion, two people familiar with the matter said. SIGNA Sports United is working with several banks, including […]
Sarcos Robotics Plans SPAC Deal for $1.3 Billion Value
Sarcos Robotics is planning to go public through a reverse merger with blank-check company Rotor Acquisition Corp., according to people with knowledge of the matter. The Salt Lake City-based robot maker and the special purpose acquisition company, or SPAC, will have a combined valuation of $1.3 billion including debt, said the people, who asked not […]
Apollo-backed SPAC looks to raise $400 million through U.S. IPO
An affiliate of private-equity firm Apollo Global Management Inc is aiming to raise $400 million in a U.S. initial public offering, a regulatory filing showed on Monday Apollo Strategic Growth Capital III, a special purpose acquisition company (SPAC), said it planned to sell 40 million units composed of shares and warrants, priced at $10 per […]
Ackman stays mum on $4 billion SPAC target, says a second may follow
Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of […]
UK car seller Cazoo to join NYSE through Dan Och-backed SPAC
British online car seller Cazoo Holdings Limited has agreed to go public in New York through a merger with AJAX I Acquisition Corp, a blank-check acquisition company led by billionaire U.S. investor Dan Och, it said on Monday. The deal with AJAX I, a special purpose acquisition company (SPAC) listed on the New York Stock […]
Hong Kong Buyout Firm EmergeVest Plans $250 Million SPAC
Hong Kong-based private equity firm EmergeVest is planning to raise $250 million through a special purpose acquisition company in the U.S., people with knowledge of the matter said. EmergeVest is working with Credit Suisse Group AG on the proposed SPAC listing, said the people, who asked not to be identified as the information is private. […]
AeroFarms to Go Public in $1.2 Billion Spring Valley SPAC Deal
AeroFarms, the vertical farming company, agreed to go public through a merger with blank-check firm Spring Valley Acquisition Corp. The deal with the special purpose acquisition company gives the combined entity an equity value of about $1.2 billion, the companies said in a statement Friday, confirming an earlier Bloomberg News report. It will be led […]
Car-Seller Cazoo Eyes SPAC Deal at $7 Billion Valuation
Second-hand car seller Cazoo is finalizing the details of a merger with Ajax I, a special purpose acquisition company, that would see it go public with a valuation of about $7 billion, Sky News reported citing people familiar with the matter. The deal could be announced as soon as Monday, Sky reported, adding that the […]
Orlando Bravo Says Thoma Bravo Plans to Launch Another SPAC
Thoma Bravo plans to launch another blank-check vehicle for acquisitions, co-founder Orlando Bravo said Monday, hours after the private equity giant’s first SPAC sealed an $11.1 billion deal. Any future special purpose acquisition company will be at least as large as the first one, Bravo said in a Bloomberg Television interview Monday. Thoma Bravo Advantage raised […]
