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New Deal


Announced

Selina to po public via a SPAC merger with BOA Acquisition in a $1.2bn deal.

Financials

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Transaction Value£901m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Private Equity

United Kingdom

Cross Border

Pending

De-SPAC

hotels

online platform

Majority

Hotels and Motels

Private

Reverse Takeover

Merger

Synopsis

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Selina, a developer of an online platform designed to offer affordable travel accommodation facilities, agreed to po public via a SPAC merger with BOA Acquisition in a $1.2bn deal. South Light Capital, MORE Investment House and Sir Ronald Cohen also participated. “The Selina brand transcends hospitality and has created a loyal community and lifestyle that customers want to belong to long after their first stay. The company has proven it can deliver for both its guests and its real estate partners. We anticipate Selina will continue to build on its significant growth in the coming years as the ability to work from anywhere propels travelers to experience the world in a way their elders never could – as digital nomads," Brian Friedman, BOA CEO. On October 25, 2022, BOA Acquisition stockholders approve a $1.2bn merger with Selina.

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