Virgin Group Acquisition Corp. II (VGII) to Combine with Grove Collaborative

Virgin Group II (NYSE:VGII) has entered into a definitive agreement to combine with sustainable home products-maker Grove at an enterprise value of $1.5 billion, or 3.5x 2022E revenue. San Francisco-based Grove makes sustainable home and beauty products sold primarily though its native ecommerce platform. The combined company is expected to trade on the NYSE under
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