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New Deal


Announced

Completed

Wag Labs went public via a SPAC merger with CHW Acquisition in a $350m deal.

Financials

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Transaction Value£257m
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

Domestic

United States

Majority

Private

Acquisition

De-SPAC

Merger

Reverse Takeover

Software

Private Equity

Venture Capital

application software

Completed

Synopsis

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Wag Labs, a developer of a dog walking mobile application, went public via a SPAC merger with CHW Acquisition in a $350m deal. Equity investors include Battery Ventures, ACME Capital, General Catalyst and Tenaya Capital. “Our announcement today represents a significant milestone in our journey to build the leading premium wellness and services platform for pets. We are transforming the fragmented and largely offline pet wellness and services industries through our vertically integrated mobile-first technology platform. This deal will provide us with the funds to further fuel our growth, and I am excited to be partnering with the CHW team to accelerate our strategic initiatives and consolidate pet wellness and services as we strive to become the leader in this space," Garrett Smallwood, Wag CEO.

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