Courage and fear risk safety future strength strong business concept danger


– E-commerce company Packable agreed to go public through a deal with SPAC Highland Transcend Partners I (NYSE:HTPA) in a deal that values the combined company at enterprise value of $1.55B.

– Packable, which is backed by PE firm Carlyle Group (NASDAQ:CG), expects to add about $434M to its balance sheet through the transaction, according to a statement. This includes a $180M PIPE with investors including Fidelity Management, Lugard Road, Luxor Capital, Park West Asset and Morningside.

– The deal is expected to close ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.