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Announced

18 Feb 2021

East Stone Acquisition to merge with JHD Holdings in a $1bn deal.

Synopsis

East Stone Acquisition, a special purposes acquisition company to merge with JHD Holdings, a PoS solutions provider, in a $1bn deal. “In JHD we have found a truly exciting company operating in a large, dispersed and underserved addressable market with hundreds of millions of potential customers," Xiaoma “Sherman” Lu, East Stone CEO.

Principals

target

Jhd Holdings

bidder

East Stone Acquisition Corporation

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Market Context

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Seller Team (4)

mark l. mandel

Partner at Baker McKenzie

Lawyer

target

Deals

£ 8.17 B

Total Value

nicholas wang

CEO at JHD HOLDINGS LIMITED

Manager

target

Deal

£ 725 M

Total Value

qifan sun

CFO at JHD HOLDINGS LIMITED

Manager

target

Deal

£ 725 M

Total Value

alan clingman

Founder and Chairman at JHD HOLDINGS LIMITED

Manager

target

Deal

£ 725 M

Total Value

Bidder Team (3)

xiaoma lu

CEO at EAST STONE ACQUISITION CORPORATION

Manager

bidder

Deals

£ 2.92 B

Total Value

charlie hao

CFO at EAST STONE ACQUISITION CORPORATION

Manager

bidder

Deal

£ 725 M

Total Value

barry i. grossman

Partner at Ellenoff Grossman & Schole

Lawyer

bidder

Deals

£ 9.09 B

Total Value

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