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BEN to go public via a merger with DHC Acquisition in a $358m deal.

Announced

Transaction Tags

  • Acquisition
  • Pending
  • Majority
  • Friendly
  • United States
  • AI Technology
  • AI-driven technology
  • Digital Services
  • Cross Border
  • Private
  • Single Bidder

Synopsis

Brand Engagement Network, a provider of personalized customer engagement AI technology and human-like AI avatars, agreed to go public via a merger with DHC Acquisition, a special purpose acquisition company, in a $358m deal. “The announcement today to agree to go public via this combination with DHC represents a remarkable milestone in BEN’s journey. BEN's Al systems bring a deeper level of comprehension, empathy, and understanding to human-machine interactions. The backbone of BEN’s success is a rich platform of conversational AI modules that drive better, more personalized customer experience and increased operational efficiencies. We expect this transaction, in partnership with the remarkable team at DHC, to propel our efforts globally and open a pathway for public investors to participate in our important work,” Michael Zacharski, BEN CEO.

Sources

Press Release

BEN

Transaction Value

£285m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

+ Add

EV/EBITDA

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Share Price Premium

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Service Providers (6)Dealmakers
Klehr Harrison Harvey Branzburg

legal advisors

Klehr Harrison Harvey Branzburg

Evora Partners

financial advisors

Evora Partners

Haynes And Boone

legal advisors

Haynes And Boone

ICR

pr advisors

ICR

Cohen & Company Capital Markets

financial advisors

Cohen & Company Capital Markets

Cooley

legal advisors

Cooley

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