Thrasio, an acquirer of private-label businesses on Amazon.com, is in talks to go public through a merger with a blank-check company set up by former Citigroup rainmaker Michael Klein, Bloomberg reports, citing people with knowledge of the matter.
The online retailer, backed by private equity firm Advent International, could be valued at well over $2 billion in a merger with Churchill Capital V, the people said, asking not to be identified because the information is private. That valuation could even reach more than $10 billion, two of the people said.
Representatives for Thrasio, Advent and Churchill Capital declined to comment. Read more.
