Yucaipa Acquisition Corporation (YAC) to Combine with SIGNA Sports in $3.2Bn Deal

Yucaipa (NYSE:YAC) has entered into a definitive agreement to combine with SIGNA Sports United at an enterprise value of $3.23 billion, or 1.9x its 2021E net revenue. Berlin-based SIGNA sells sporting goods through multiple ecommerce brands and will also acquire online bike retailer WiggleCRC through this deal. The combined company is expected to trade on
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