Announced
Completed
Financials
Tags
Private
Acquisition
Majority
United States
medical equipment
Single Bidder
Private Equity
healthcare products
Medical Equipment
Domestic
Friendly
Merger
De-SPAC
Reverse Takeover
Completed
Synopsis
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.
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