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Announced

Completed

Procaps Group went public via a SPAC merger with Union Acquisition II in a $1.1bn deal.

Financials

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Transaction Value£800m
Consideration TypeOrdinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales2.8x
EV/EBITDA12.22x
Share Price Premium-
One Off Charge-

Synopsis

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Procaps Group, a pharmaceutical company, went public via a SPAC merger with Union Acquisition II, a special purposes acquisition company, in a $1.1bn deal. “We are very pleased to have support from top-tier investors, and access to the US capital markets following the closing of this proposed transaction, which we believe will leave Procaps well-capitalized to provide our innovative pharmaceutical solutions to our global customers and drive our growth initiatives. Moreover, a key milestone was achieved in the transaction as it represents the first LatAm SPAC to have an over-subscribed PIPE in place from very sophisticated South American healthcare investors and US-based funds," Ruben Minski, Procaps Founder, Chairman and CEO.

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