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New Deal


Announced

Completed

Experience Investment to merge with Blade in a $356m deal.

Financials

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Transaction Value£266m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales11x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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technology company

Majority

Single Bidder

Private Equity

Friendly

Merger

Private

United States

Domestic

Acquisition

Mobility

Reverse Takeover

De-SPAC

Completed

Synopsis

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Blade, a technology-powered air mobility company, went public via a SPAC merger with Experience Investment, a blank check company, in a $356m deal. Experience Investment received investment commitments from Hedosophia, HG Vora Capital Management, KSL Capital Partners, investors David Geffen, Barry Diller, David Zaslav and Robert W. Pittman. “Our recent agreements with Electric Vertical Aircraft manufacturers Beta Technologies and Wisk Aero will accelerate our transition to quiet, emission-free, and cost efficient urban air mobility. Additionally, we are well positioned to capitalize on pent-up travel demand with the relaunch of our New York Airport service and related partnership with KAYAK," Rob Wiesenthal, Blade Founder and CEO.

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