Successful De-SPACing transaction in difficult market environment - 468 closes its second De-SPAC transaction

Successful De-SPACing transaction in difficult market environment - 468 closes its second De-SPAC transaction through the acquisition of approximately 84% stake in Marley Spoon SE in EUR 115M business combination

12/07/2023

DEAL - SPAC - de-SPAC - ACQUISITION

SPAC is on the map 

468 SPAC II SE (“Company”), a Luxembourg special purpose acquisition company (SPAC) listed on the Frankfurt Stock Exchange, completed its business combination with Marley Spoon SE with the final aim of delisting Marley Spoon SE from Sydney’s ASX. The transaction included a successful private placement of 35 million euro in Marley Spoon SE.

Marley Spoon SE is a global direct-to-consumer (DTC) brand in the online food segment based as leading meal-kit provider in Germany. Marley Spoon SE was founded in 2014 and operates in three regions: Australia, the United States, and Europe (Austria, Belgium, Germany, Denmark, and the Netherlands) through various brands.

468 SPAC II SE has been advised on all Luxembourg legal matters by a team from the international law firm Arendt & Medernach specialising in corporate and capital markets law, led by partner Alexander Olliges, who already acted for the sponsors of the 468 SPAC I SE Issuer.

Our Arendt experts involved

> Corporate Law, Mergers & Acquisitions: Alexander Olliges, Partner, Haider Gontier and Alexandra Loro, Associates
> Tax Law: Jan Neugebauer and Philipp Jost, Partners
> Finance & Capital Markets: François Warken, Partner, Serge Zeien, Counsel, Capital Markets, Milos Vulevic, Senior Associate, and Arina Belikova

YOU MIGHT ALSO WANT TO DISCOVER

10/04/2024
Arendt & Medernach has advised European asset manager Aermont Capital on the sale of an initial 50% stake to Keppel Limited

Arendt & Medernach has advised European asset manager Aermont Capital (Aermont) on the sale of an initial 50% stake to Keppel Limited (Keppel).

Read More_
10/04/2024

Arendt & Medernach has advised European asset manager Aermont Capital on the sale of an in...

Arendt & Medernach has advised European asset manager Aermont Capital (Aermont) on the sale of an initial 50% stake to Keppel Limited (Keppel).
05/04/2024

Arendt advised Zurich Insurance Group on the set-up and launch of its first Private Debt E...

Arendt assisted Zurich Insurance Group in the set-up and launch of its first European Long-Term Investment Fund: Zurich Private Debt ELTIF, aimed at p...
29/03/2024

Arendt & Medernach advised on Auna S.A.’s US$360m NYSE IPO

Arendt & Medernach acted as Luxembourg legal advisor to Morgan Stanley, J.P. Morgan, BTG Pactual, Santander, Citigroup, and HSBC as underwriters on Au...
28/03/2024

Arendt Services becomes Arendt Investor Services and expands its offering

Arendt Services becomes Arendt Investor Services and expands its offering with a recently granted depositary licence for illiquid assets forming its 6...