Michael Klein’s Churchill Capital VII today filed an investor presentation promoting its proposed acquisition of CorpAcq.
The deal has a pro forma enterprise value of approximately $1.735 billion — up from $1.58 billion at deal announcement last August. The SPAC holds $609 million in trust.
The transaction has a minimum $350 million cash closing condition, net of transaction fees.
Based in Altrincham, England and founded in 2006, CorpAcq said it has cultivated a reputation as a “preferred buyer” for founder-led small and medium-sized enterprises based on its “founder-friendly, management empowered value proposition and focus on investing for long-term performance.”
The SPAC’s completion date is coming up in August. Read more.
