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New Deal


Announced

Pomvom to go public via merger with Israel Acquisitions in a $125m deal.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Israel

amusement park equipment

Recreational Services

Acquisition

Domestic

Majority

Private

De-SPAC

Merger

Friendly

Synopsis

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Pomvom, a technology company that develops experiential content to amusement parks and attractions globally, agreed to go public via merger with Israel Acquisitions, a publicly-traded special purpose acquisition company, in a $125m deal. "The business combination agreement signifies a momentous step forward, aligning with the vision set when we took our SPAC public last year. We believe Pomvom's unique combination of technology, product innovation, and creative content design positions the company to capitalize on multiple growth opportunities in the Immersive Location-based entertainment experiences industry, both in the US and worldwide. Collaborating together, we expect Pomvom to become a strategic partner of the largest amusement parks, attractions, and entertainment groups globally in coming years," Izhar Shay, ISRL Chairman.

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