Packable to go public via merger with Highland Transcend Partners I in a $1.55bn deal.

Packable, a technology-led e-commerce marketplace enablement platform, agreed to go public via a merger with Highland Transcend Partners I, a special purpose acquisition company, in a $1.55bn deal. The transaction includes a $180m PIPE led by Fidelity Management & Research Company, Lugard Road Capital, Luxor Capital, Park West Asset Management and Morningside. “While we’ve become a market leader in our industry, there is significant runway ahead of us in multiple avenues: from the continued proliferation of online marketplaces and geographic opportunities to our ability to invest in and grow Digitally Native Brands, while providing new data and technology services, as well as marketing options for our brand partners. Given the breadth of opportunity ahead of us, we felt that this was the perfect time to unveil our new Packable branding, which reflects these new avenues for growth,” Andrew Vagenas, Packable Co-Founder and CEO.