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New Deal


Announced

Completed

Movella went public via a SPAC merger with HGGC and Industry Ventures-backed Pathfinder Acquisition in a $537m deal.

Financials

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Transaction Value£478m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Majority

Single Bidder

Electronic Equipment: Other

Merger

electronic equipment

Private Equity

Reverse Takeover

sensors

Private

De-SPAC

Friendly

Acquisition

Completed

Synopsis

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Movella, a developer of motion sensors and associated technology, went public via a SPAC merger with HGGC and Industry Ventures-backed Pathfinder Acquisition in a $537m deal. Francisco Partners participates in the deal. “We are excited to be joining Nasdaq. Becoming a public company will fuel our growth in digitizing movement and accelerate our progress in enabling our customers to realize extraordinary outcomes across entertainment, health & sports, and automation & mobility markets,” Ben Lee, Movella President and CEO.

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