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New Deal


Announced

Completed

Beacon Street Group went public via a SPAC merger with Ascendant Digital Acquisition, in a $3bn deal.

Financials

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Transaction Value£2,150m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales8x
EV/EBITDA21.9x
Share Price Premium-
One Off Charge-

Tags

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direct-to-consumer services

Private

Acquisition

Friendly

Majority

Single Bidder

United States

IT Services: Other

Domestic

Reverse Takeover

Merger

De-SPAC

Completed

Synopsis

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Beacon Street Group, a multi-brand digital subscription services platform, went public via a SPAC merger with Ascendant Digital Acquisition, a special purpose acquisition company, in a $3bn deal. “Today is a significant milestone in the long history and growth of MarketWise as we live out our mission to empower self-directed investors and bring our subscribers the insights and tools they need to make confident and wise investment decisions. Becoming a publicly traded company will help us reach a new audience of subscribers, enhance our product offerings, invest in our proprietary technology, and continue to generate strong financial returns and substantial free cash flow for our investors," Mark Arnold, Beacon Street CEO.

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