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Announced

Completed

Orisun completed the merger with Ucommune Group in a $769m deal.

Financials

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Transaction Value£616m
Consideration TypeOrdinary Shares, Contingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales4.5x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

agile office space management

Majority

Single Bidder

China

Real Estate Services

Friendly

Private

Disposal

Cross Border

Acquisition

Reverse Takeover

Completed

De-SPAC

Private Equity

Synopsis

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Orisun Acquisition, a special purpose acquisition company, completed the merger with Ucommune, an agile office space manager and provider in China, in a $769m deal. The successful closing of our Business Combination with Orisun not only validates Ucommune's strong value proposition to our customers and shareholders, but also marks an important milestone in our corporate development. In addition, it should serve as a springboard to accelerate the growths of our company and our industry for global agile office space management. Being a publicly-traded company, we plan to leverage our expanded resources, technology advancement, brand equity, operations know-how, and domain expertise to capitalize on new growth opportunities and deliver lasting shareholder value," Daqing Mao, Ucommune Founder.

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