Primavera Capital Acquisition Corporation - Ordinary Shares - Class A

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Lanvin Group To Become Publicly Traded On NYSE Via Business Combination With Primavera Capital Acquisition Corporation

Published: 03/23/2022 01:56 GMT
Primavera Capital Acquisition Corporation - Ordinary Shares - Class A (PV) - Lanvin Group, a Global Luxury Fashion Group, to Become Publicly Traded on Nyse Via Business Combination With Primavera Capital Acquisition Corporation.
Lanvin Group-transaction Values Group at a Pro Forma Enterprise Value of Us$1.5 Billion, With a Combined Pro Forma Equity Value of Up to Us$1.9 Billion.
Lanvin-total Proceeds Expected to Be Up to Us$544 Million, Including Up to Us$414 Million of Cash in Trust Account.
Lanvin-fully Committed Pipe Subscription and Forward Purchase Agreements of Us$130 Million in Aggregate.
Lanvin- Business of Group Will Operate Under Lanvin Group Name and Intends to Apply to Be Listed on Nyse Under Ticker Symbol "lanv".
Lanivin-as Part of Transaction, All Co's Existing Shareholders Will Roll 100% of Their Shares Into Pubco, Representing in Aggregate About 65% of Pubco.
Lanvin-boards of Directors of Both Pcac and Lanvin Group Have Each Unanimously Approved Proposed Transaction.
Lanvin- Lanvin Group Plans to Use Transaction Proceeds for Potential Future Acquisitions That Complement Its Luxury Fashion Ecosystem.