.
MergerLinks Header Logo

New Deal


Announced

Sircle Hospitality Group to go public via merger with SMG European Recovery SPAC.

Financials

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

Tags

Edit

real estate investment group

Real Estate Holding and Development

Netherlands

Acquisition

Private

Merger

Friendly

Single Bidder

Majority

De-SPAC

Reverse Takeover

Cross Border

Pending

Synopsis

Edit

Sircle Hospitality Group, an Amsterdam-based lifestyle hotels and hospitality holding group, is set to go public via merger with SMG European Recovery SPAC, a blank check company. The transaction values the combined company at a pro forma enterprise value of around €425m. The transaction is expected to close in the second quarter of 2024, and the shares of the combined company will be listed on the Frankfurt Stock Exchange (General Standard).

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US