SPACS just won’t slow down; 5 deals were announced before the market opened today.
Landcadia Holdings III announced it will merge with The Hillman Group, a hardware and home improvement company. The deal values Hillman at $2.64b (EV), and includes $375mm PIPE.
Landcadia closed slightly down (0.4%)
Foley Trasimene Acquisition Corp. announced it will merge with Alight Solutions, a cloud-based human capital and business services provider. The deal values Alight at $7.3b (EV). and includes $1.55b PIPE.
Foley closed up 0.7%.
ION Acquisition Corp. 1 announced it will merge with Taboola, a digital advertising firm. The deal values Taboola at $2.6b (EV), and includes $285m PIPE.
Since the announcement, ION closed up 14.5%.
Spartan Acquisition Corp. II announced it will merge with Sunlight Financial, a residential solar energy company. The deal values Sunlight at $1.3b (EV), and includes, $250mm PIPE.
Since the announcement, Spartan closed up 21%.
TS Innovation Acquisitions Corp. announced it will merge with Latch, which offers building-management software. The deal values Latch at $1.1b (EV), and includes $190mm PIPE.
In the big winner of the day, TS closed up 45%.