Tims China went public via a SPAC merger with Silver Crest Acquisition in a $200m deal.

Tims China, a coffee shops chain operator, went public via a SPAC merger with Silver Crest Acquisition, a special purpose acquisition company, in a $200m deal. “This is a notable milestone for Tims China and, more importantly, a tribute to our 4,500 dedicated professionals across China. The listing and associated funding will allow us to continue growing Tims China as we aim to build a profitable network of 2,750 stores by 2026. We are grateful to our millions of amazing guests, whose support and patronage is a true privilege,” Peter Yu, Tims China Chairman.