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Sard Verbinnen & Co. and Blueshirt Group are handling Grab, Singapore-based “superapp,” which is going public via the largest-ever SPAC deal.
Grab is combining with Silicon Valley’s Altimeter Growth Group in a transaction valued at $40B. Its stock will trade on the NASDAQ.
Launched in 2012 as Southeast Asia’s version of Uber, the Grab superapp has access to more than 9M drivers, merchants and agents handling food/package delivery, mobile payments and financial services in more than 425 cities in eight countries.
“It gives us immense pride to represent Southeast Asia in the global public markets,” Grab CEO Anthony Tan said in a statement.
He called the SPAC deal “a milestone to open up access for everyone to benefit from the digital economy.”
Sard Verbinnen & Co. handles US media inquiries about the deal, while Next Fifteen Communications Group’s Blueshirt unit deals with the investment community.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
