Industry News
Brazil’s Patria-backed Lavoro To List on Nasdaq via SPAC Merger
27 September 2022
(Business Wire (TPB, Lavoro)) Lavoro, a Brazil-based agricultural inputs retailer backed by Patria Investments, agreed to list on the Nasdaq through a SPAC merger with TPB Acquisition Corporation I, sponsored by investment holding company The Production Board (TPB), at an implied enterprise value of ~USD1.2b. The merger will include a USD180m contribution by the SPAC and an additional USD100m private placement with TPB.
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