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New Deal


Announced

Completed

Force Pressure Control went public via a SPAC merger with Stratim Cloud Acquisition in a $240m deal.

Financials

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Transaction Value£196m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA4x
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Friendly

Domestic

Majority

pressure control

United States

production equipment

Reverse Takeover

De-SPAC

Merger

Single Bidder

Production Technology Equipment

Completed

Synopsis

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Force Pressure Control, a surface pressure control solutions provider, went public via a SPAC merger with Stratim Cloud Acquisition, a publicly traded special purpose acquisition company, in a $240m deal. “Today marks an incredible milestone for our Company and is the beginning of a true partnership with SCAC. As we embark on our journey towards becoming a public company, we believe SCAC’s vast capital markets expertise will provide critical insights as we execute and scale, increasing our competitive advantages and enabling us to further capture market share through continued expansion,” Jacob Startz, Force Pressure Control CEO.

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