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New Deal


Announced

Big Tree Cloud to go public via a SPAC merger with Plutonian Acquisition in a $500m deal.

Financials

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Transaction Value£407m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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China

personal care

Private

De-SPAC

Single Bidder

Majority

Pending

Friendly

Cosmetics

Acquisition

Cross Border

Merger

Reverse Takeover

Synopsis

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Big Tree Cloud, a company devoted to the development, production and sales of personal care products and other consumer goods, agreed to go public via a SPAC merger with Plutonian Acquisition, a publicly traded special purpose acquisition company, in a $500m deal. "We are excited to complete this business combination between Plutonian and Big Tree Cloud. The Plutonian team is honored to be part of this landmark occasion. The entire exceptional management team at Big Tree Cloud continues to execute on their robust growth plans and strategy, with multiple compelling dynamics in the consumer goods industry, we firmly believe that Big Tree Cloud as a public company has the right model and technology to leverage its experience and platform to create shareholder value," Wei Kwang Ng, Plutonian CEO.

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