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Announced

Manscaped and Bright Lights Acquisition terminated its $1bn merger.

Financials

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Transaction Value£744m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United States

Acquisition

Merger

Private Equity

Majority

Friendly

Cosmetics

Domestic

grooming products

Private

De-SPAC

Reverse Takeover

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Synopsis

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Manscaped, a startup specializing in below-the-waist men’s grooming products, and Bright Lights Acquisition, a SPAC terminated its $1bn merger. Transaction included $75m PIPE investment from Channing Tatum, Endeavor, Signia Venture Partners, Saban Capital and Guggenheim Investments. “Although we are disappointed that current market conditions have made it unworkable to complete the merger with MANSCAPED, we are huge fans of the company and wish Paul and the rest of the team continued success," Mike Mahan, Bright Lights CEO.

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