Announced
Financials
Sources
Tags
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
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.