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New Deal


Announced

Completed

Software Acquisition Group II to merge with Otonomo in a $1.4bn deal.

Financials

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Transaction Value£1,022m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Israel

Single Bidder

Merger

vehicle data

Reverse Takeover

Friendly

IT Services: Other

Majority

Private

data platform

Cross Border

De-SPAC

Private Equity

Completed

Synopsis

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Otonomo Technologies, a platform and marketplace for vehicle data, went public via a SPAC merger with Software Acquisition, a US publicly traded special purpose acquisition company, Group II in a $1.4bn deal. "On behalf of the Software Acquisition Group team, I am excited to announce the closing of this transaction, bringing Otonomo to the public markets. Ben and his team not only identified the significant opportunity that exists in the automotive data space, but also are early market leaders positioned for impressive growth. We look forward to being their partners for this next chapter,” Jonathan Huberman, Software Acquisition Group II, CEO.

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