Another $ 4 billion merger with SPAC?


Ella Jones, Deputy Editor In Chief

Date: 15.04.2021

German online retailer Signa Sports United GmbH is in talks to go public through a merger with billionaire investor Ron Burkle’s special purpose acquisition company, people with knowledge of the matter said.

Berlin-based Signa Sports has been discussing a deal with the blank-check firm, Yucaipa Acquisition Corp., that could value the combined entity at more than $4 billion, the people said, asking not to be identified because the information is private. Signa Sports is considering an acquisition of U.K. rival Wiggle Ltd. as part of the transaction, the people said.

Yucaipa Acquisition, which counts Burkle as its chief executive officer, raised $345 million in its U.S. initial public offering in August, according to data compiled by Bloomberg. No final agreements have been reached, and Signa Sports could opt to pursue talks with a different SPAC if negotiations fall apart, the people said.

Representatives for Wiggle and its private equity owner, Bridgepoint, declined to comment. Reuters reported earlier Thursday that Signa Sports was speaking to SPACs including Yucaipa Acquisition, citing unidentified people.

by Ella Jones | Linkedin

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