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New Deal


Announced

Completed

Berkshire Grey went public via a SPAC merger with Revolution Acceleration in a $2.7bn deal.

Financials

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Transaction Value£1,917m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

artificial intelligence

Software

United States

Acquisition

Reverse Takeover

Private

Majority

Domestic

Friendly

Single Bidder

De-SPAC

Private Equity

Completed

Synopsis

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Berkshire Grey, a pure-play robotics company offering fully integrated, artificial intelligence-based software and hardware solutions, went public via a SPAC merger with Revolution Acceleration in a $2.7bn deal. The transaction included a PIPE of $165m anchored by Chamath Palihapitiya, Founder and CEO of Social Capital, Hedosophia and BlackRock. “We are incredibly excited about this transaction, which will enable Berkshire Grey to accelerate growth and provide new and existing customers with our leading robotics solutions,” Tom Wagner, Berkshire Grey Founder and CEO.

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