Announced
Financials
Sources
Tags
Apparel Retailers
United States
Single Bidder
Majority
Pending
Domestic
Reverse Takeover
Acquisition
Private
Friendly
jewelry store
De-SPAC
Synopsis
Blue Nile, an online retailer of diamonds, diamond engagement rings, and fine jewelry, agreed to go public via a SPAC merger with Mudrick Capital Acquisition II, a special purpose acquisition vehicle, in a $873m deal. The transaction includes a PIPE investment from Mudrick Capital, Bain Capital Private Equity, Bow Street and Adama Partners. “We are pleased that the Mudrick team will invest in Blue Nile and help accelerate the Company’s next phase of e-commerce leadership in the fine jewelry category. We believe Blue Nile has a significant opportunity for future market expansion as a real innovator in a large category that offers the right mix of compelling jewelry coupled with an unmatched selection of GIA graded diamonds at unbeatable values,” David Humphrey, Blue Nile Chairman.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.