.
MergerLinks Header Logo

New Deal


Announced

Better to go public via a SPAC merger with Aurora Acquisition in a $7.7bn deal.

Financials

Edit Data
Transaction Value£4,895m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Pending

Majority

Reverse Takeover

Acquisition

Single Bidder

Private Equity

Friendly

Mortgage Finance

mortage services

real estate platform

United States

De-SPAC

Domestic

Synopsis

Edit

Better, a digital homeownership platform, agreed to go public via a SPAC merger with Aurora Acquisition in a $7.7bn deal. SoftBank, Novator Capital and Activant Capital have provided $1.5bn in PIPE. Subject to customary closing conditions, the transaction is expected to close in the fourth quarter of 2021. “This transaction is the beginning of an amazing new chapter in Better’s history. This transaction provides investment capital to accelerate Better’s growth and support our mission to make homeownership simpler, faster, more affordable and more accessible for all Americans, and eventually everyone else," Vishal Garg, Better Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US