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Announced

Flexjet terminated a SPAC merger with Horizon Acquisition II in a $3.1bn deal.

Financials

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Transaction Value£2,801m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

Acquisition

Friendly

Merger

Reverse Takeover

private aviation

Domestic

Airlines

De-SPAC

Majority

Private

Failed

Synopsis

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Flexjet, a subscription-based private aviation company, terminated a SPAC merger with Horizon Acquisition II in a $3.1bn deal. Flexjet will remain a private company, and Horizon will liquidate its trust account and redeem all of its outstanding Class A ordinary shares.

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