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New Deal


Announced

Cardea Corporate Holdings to go public via a merger with Global Blockchain Acquisition in a $175m deal.

Financials

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Transaction Value£137m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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asset management

investment management

Asset Managers and Custodians

United States

De-SPAC

Domestic

Majority

Private

Private Equity

Pending

Single Bidder

wealth advisory

Acquisition

Merger

Reverse Takeover

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Synopsis

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Cardea Corporate Holdings, a cross-border wealth advisory, asset and investment management firm, agreed to go public via a merger with Global Blockchain Acquisition, a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities, in a $175m deal. "The merger represents a tremendous opportunity for Cardea to rapidly expand our next-generation offerings across the globe," Neil Fillary, Cardea President and International CEO.

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