Announced
Financials
Tags
China
Acquisition
Single Bidder
online insurance
Property and Casualty Insurance
auto services
Auto Services
Pending
Friendly
Cross Border
Private
Majority
De-SPAC
Private Equity
Reverse Takeover
Synopsis
SunCar, an Online Insurance Agency, agreed to go public via a SPAC merger with Goldenbridge Acquisition, a British Virgin Islands special purpose acquisition company, in an $858m deal. “With our core mission to seek a high-impact and technology-driven company, I was very pleased to find SunCar. We’re quite impressed by the business performance as well as the technologies supporting comprehensive on-demand services and online insurance. Since the automotive industry is starting to put more emphasis on car owner services, we believe that SunCar is determined to grow bigger in this massive and attractive market," Yongsheng Liu, Goldenbridge Chairman.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.