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New Deal


Announced

Brivo to go public via a SPAC merger with Crown PropTech Acquisitions in an $808m deal.

Financials

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Transaction Value£598m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Domestic

Pending

Reverse Takeover

application software

Acquisition

Private

Software

Private Equity

Friendly

De-SPAC

United States

Merger

Synopsis

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Brivo, a provider of access control devices for businesses, agreed to go public via a SPAC merger with Crown PropTech Acquisitions in an $808m deal. PIPE investors include Golub Capital and Eagle Eye Networks. “We are excited to provide a highly structured and flexible financing solution to support Brivo, the market-leading provider of cloud-based access control solutions in the enterprise and commercial segments. We think Brivo’s strong management team, coupled with Crown’s deep experience in real estate and the leadership of a proven serial technology entrepreneur like Dean Drako make for a world-class combination," Marko Soldo, Golub Capital Head of Credit Opportunities.

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