.
MergerLinks Header Logo

Announced

Completed

Owlet Baby Care went public via a merger with Sandbridge Acquisition in a $1.1bn deal.

Financials

Edit Data
Transaction Value£791m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Acquisition

Majority

United States

medical equipment

Single Bidder

Private Equity

healthcare products

Medical Equipment

Domestic

Friendly

Merger

De-SPAC

Reverse Takeover

Completed

Synopsis

Edit

Owlet Baby Care, a manufacturer of healthcare products, went public via a merger with Sandbridge Capital and PIMCO-backed Sandbridge Acquisition, a special purpose acquisition company, in a $1.1bn deal. “Ken Suslow and Domenico De Sole are category-defining modern brand creators, and will help usher Owlet into our next phase of growth as we expand our product suite and work to support family needs through some of the most crucial years of raising children. We look forward to further serving our current loyal customers as well as addressing a sizable untapped market, spanning multiple consumer touchpoints, and building Owlet into a vital family platform that will serve parents for generations to come," Kurt Workman, Owlet CEO and Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US