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

28/09/2023
Cross-border business tax - EU Commission proposes BEFIT, Transfer Pricing and Hot Directives

Corporate taxpayers with cross-border operations in the EU are expected to be significantly impacted by the proposed BEFIT, Transfer Pricing and HOT Directives.

Read More_
15/09/2023

Arendt & Medernach: leading legal advisor in the asset management industry

Arendt & Medernach reinforces its position as leading legal advisor in the asset management industry (Monterey Insight - Luxembourg Fund Report 2023)
08/09/2023

Arendt advised Deutsche Hypo – NORD/LB in a real estate financing in Luxembourg-City

The multi-tenant building comprises 6,000 square metres of lettable space
01/09/2023

Successful financial restructuring of publicly traded Corestate Capital Holding S.A.

Arendt & Medernach acted as Luxembourg counsel to an ad hoc committee of holders of EUR 200 million convertible notes and EUR 300 million senior unsec...
31/08/2023

Arendt advised an ad hoc group of noteholders in the restructuring of the Takko Fashion gr...

Arendt advised an ad hoc group of noteholders in relation to the consensual restructuring of the Takko Fashion group's financial debt