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New Deal


Announced

cunova to go public via merger with SDCL EDGE Acquisition in a $736m deal.

Financials

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Transaction Value£583m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA9.4x
Share Price Premium-
One Off Charge-

Tags

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specialty copper alloy products

Germany

Acquisition

De-SPAC

Reverse Takeover

Friendly

metal processing

Metal Fabricating

Cross Border

Majority

Private

Merger

Pending

Single Bidder

Synopsis

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cunova, a global manufacturer of high-end specialty copper alloy products, is set to go public via merger with SDCL EDGE Acquisition, a special purpose acquisition company, in a $736m deal. "We are excited to join forces with KME Aerospace, which we believe will give us access to a new, exciting, and high-growth end market. Space exploration activity is currently outpacing the reusability rate of engines and we expect this could triple our addressable copper component market opportunity from 2023 to 2030. As an established provider of mission-critical rocket engine components to nearly all the western tier one companies in the space exploration sector, we believe KME Aerospace currently has a first mover advantage in this end market," Werner Stegmüller, cunova CEO.

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