Vacation rental management platform Vacasa has entered into an agreement to merge with TPG Pace Solutions at a pro forma equity value of approximately $4.5 billion.
If approved, upon closing the combined company is expected to list on the NYSE under VCSA” The transaction would capitalize the business with approximately $485 million in gross cash proceeds, including a fully committed PIPE of $200 million anchored by mutual funds, institutional investors and TPG.
TPG raised raised $285 million in an April IPO. Read more.
