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New Deal


Announced

Completed

Onyx Enterprises went public via SPAC merger with Legacy Acquisition in a $285m deal.

Financials

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Transaction Value£215m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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retail

e-commerce

United States

digital commerce solutions

Private

Acquisition

Merger

E-commerce

Majority

Domestic

Single Bidder

Friendly

Reverse Takeover

De-SPAC

Completed

Synopsis

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Onyx Enterprises, a digital commerce company, went public via SPAC merger with Legacy Acquisition, a special purposes acquisition company, in a $285m deal. “We are thrilled to join with Legacy and transition Onyx to the public markets. We believe our technology-led, data-driven approach to digital commerce provides us with a long runway for profitable growth within our existing lines of business as well as expansion into other complex, multidimensional parts and accessories markets. Our strength in combining deep industry knowledge and experience in automotive parts with the strong digital and technical skills of our engineering and development teams is what makes our platform a unique vertical commerce business,” Antonino Ciappina, Onyx CEO.

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