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New Deal


Announced

Completed

Grindr went public via a SPAC merger with Tiga Acquisition in a $2.1bn deal.

Financials

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Transaction Value£1,704m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales14.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Reverse Takeover

Private

Online and Social Platforms

gay dating

online dating platform

online dating

dating services

United States

Friendly

Single Bidder

Domestic

De-SPAC

Merger

Completed

Private Equity

Synopsis

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Grindr, a social network for the LGBTQ+ community, went public via a SPAC merger with Tiga Acquisition, a blank cheque company, in a $2.1bn deal. “Today marks an important milestone not only for the team at Grindr, but for the LGBTQ community we serve. We enter the public markets with momentum, carried by our market leadership, strong financial performance and significant growth runway as we step up investment in our core product and services. I am thrilled to work with our team and investors as we continue expanding our platform and enhance the critical social infrastructure for a traditionally underserved community," George Arison, Grindr CEO.

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