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New Deal


Announced

HCYC Group to go public via a SPAC deal with AlphaTime Acquisition for $75m.

Financials

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Transaction Value£59m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Hong Kong

insurance brokerage

Insurance Brokers

Acquisition

Majority

Private

De-SPAC

Cross Border

Pending

Friendly

Single Bidder

Synopsis

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HCYC Group, an insurance group, agreed to go public via a SPAC deal with AlphaTime Acquisition, a blank cheque company, for $75m. Upon the closing of the mergers, HCYC is expected to become a NASDAQ-listed public company trading under a new ticker symbol. HCYC’s executive management team will continue to lead HCYC. There can be no assurance that HCYC will remain listed on NASDAQ.

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