Twin Ridge Capital (TRCA) to Combine with Carbon Revolution in $270M Deal

Twin Ridge (NYSE:TRCA) has entered into a definitive agreement to combine with car parts manufacturer Carbon Revolution (ASX:CBR) at an enterprise value of $270 million, or 9.4x its 2022E revenue. Geelong, Australia-based Carbon Revolution makes ultra-light carbon fiber wheels for the high-end automotive industry. The combined company is expected to delist from the ASX and
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