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New Deal


Announced

Completed

TAG Companies went public via a SPAC merger with AGBA Acquisition in a $555m.

Financials

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Transaction Value£489m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Merger

United States

Domestic

Asset Managers and Custodians

Reverse Takeover

Majority

Acquisition

asset management

Single Bidder

De-SPAC

Completed

Synopsis

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TAG Companies, an asset management firm, went public via a SPAC merger with AGBA Acquisition, a blank cheque company, in a $555m. "A successful SPAC needs to be thoughtful about all phases of the SPAC life-cycle, from target search, diligence, post combination value-add through to public market stakeholder management. Our mission at AGBA is to partner with fundamentally attractive enterprises as they journey into the US public markets and create sustainable value for shareholders. We are extremely honored to become associated with OnePlatform Holdings Limited and TAG Asia Capital Holdings Limited, companies with an accomplished management team, as they develop innovative financial products and services to address customers' evolving needs. We look forward to working together to complete the business combination," Gordon Lee, AGBA CEO.

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