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New Deal


Announced

ESG to go public via a SPAC merger with Genesis Unicorn Capital in a $161m deal.

Financials

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Transaction Value£134m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Reverse Takeover

Friendly

sustainable waste solutions

De-SPAC

Majority

Single Bidder

Acquisition

Merger

Environmental / Waste Management

Cross Border

Pending

Singapore

Synopsis

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Environmental Solutions Group, a provider of sustainable waste solutions, agreed to go public via a SPAC merger with Genesis Unicorn Capital in a $161m deal. “The partnership we announced with GENQ today is a remarkable milestone in ESG’s sustainability and circularity journey. We believe the GENQ board’s recognition of our ambition through this merger will allow us to accelerate our growth, expand our reach into Southeast Asia, and continue to build on our disruptive solutions for the circular economy. This is an exciting time for the ESG team, our partners and everyone else who believes that the circular economy is a critical pillar to support and accelerate towards becoming a net zero region," Leng Chuang Quek, ESG CEO and Chairman.

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