Yucaipa Acquisition Files Investor Presentation on SIGNA Sports United

Yucaipa Acquisition

Yucaipa Acquisition in an 8-K filing included an investor presentation promoting its pending merger with SIGNA Sports United.

The deal has an implied enterprise value of approximately $3.2 billion. The merger includes the acquisition of the WiggleCRC Group, an online bike retailer owned by Bridgepoint.

The transaction is expected to deliver $645 million of gross proceeds through the contribution of up to $345 million of cash held in the SPAC’s trust (assuming no redemptions) and a concurrent fully-committed PIPE of approximately $300 million, upsized from $250 million.

Existing SIGNA shareholders have agreed to convert 100 per cent of their ownership stakes into the new public company. Read more.

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