Integrated international healthcare and pharmaceutical company Procaps Group and Union Acquisition II filed an F-4 registration statement and preliminary proxy outlining their proposed business combination. The registration statement includes audited financials of Procaps Group for fiscal years 2019 and 2020.
Announced in March, the $300 million cash transaction includes a $100 million PIPE raised from a broad group of Latin American investors, including pan-regional funds such as Compass Group and Moneda Asset Management, as well as Chilean-based Consorcio Seguros.
Procaps Ordinary Shares will be subject to a 6-month lock-up.
Union II raised $175 million in a 2019 IPO. The SPAC is led by Chairman Juan Sartori, the chairman and founder of Union Group International Holdings, a privately owned investment and private equity management firm with strategic Latin American interests.
Pending regulatory and shareholder approval, the transaction is expected to close in the third quarter. Read more.
