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Announced

Aeries Technology to go public via merger with Worldwide Webb Acquisition in a $656m deal.

Financials

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Transaction Value£544m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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business consulting

Cross Border

Majority

business process management

Acquisition

Singapore

Merger

Single Bidder

consulting partner

De-SPAC

Management Consulting

Friendly

Reverse Takeover

Private

Pending

Synopsis

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Aeries Technology, a global professional services and consulting partner for business leadership teams, private equity sponsors, and their portfolio companies, agreed to go public via merger with Worldwide Webb Acquisition, a publicly traded special purpose acquisition company, in a $656m deal. “Aeries is excited to enter the public markets as we believe the opportunity provided by this transaction will fuel our projected growth and help us achieve our mission of providing superior solutions to our clients. We want to revolutionize the way companies outsource technology and business process services by helping to build internal solutions for their most complex challenges through our ‘One Team’ culture and seamlessly integrating Aeries Technology professionals across teams, from technology to finance, operations, and HR," Sudhir Panikassery, Aeries CEO. On November 2, 2023, Worldwide Webb Acquisition stockholders approve business combination with Aeries Technology.

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