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New Deal


Announced

FedEx-backed Freightos to go public via SPAC merger with Gesher I Acquisition in a $435m deal.

Financials

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Transaction Value£345m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Online and Social Platforms

Majority

Friendly

Private

digital platform

Pending

Single Bidder

United States

Acquisition

Domestic

De-SPAC

Reverse Takeover

Synopsis

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FedEx-backed Freightos, a digital platform for global freight-booking services, agreed to go public via SPAC merger with Gesher I Acquisition, a special purpose acquisition company, in a $435m deal. “When we make an investment, we never try to figure out which way the market is going or which way the stock will go in the day or the week afterwards,” Ezra Gardner, Gesher CEO.

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