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

01/03/2024
The AML/CFT Package is finalised and Frankfurt it is!

Following the reaching of a complete political agreement over the AML/CFT package a few days ago, it was announced last Thursday that the AML/CFT Authority will have its future seat in Frankfurt. It’s now time to get ready for the new AML framework!

Read More_
08/02/2024

Arendt appoints four new Partners

These appointments underscore Arendt's commitment to further developing its strategy, aimed at providing clients with comprehensive guidance across al...
26/01/2024

Arendt strengthens its Paris office

Adding a multidisciplinary team to the permanent presence in France
19/01/2024

Arendt advised General Atlantic on the Luxembourg legal aspects of its acquisition of Acti...

Arendt advised General Atlantic on the Luxembourg legal aspects of its acquisition of Actis, a leading investor in sustainable infrastructure, creatin...
17/01/2024

Arendt & Medernach advises on Auna’s US$250.4 million New Notes Exchange Offer and $550 mi...

Arendt & Medernach assisted a syndicate of dealer managers on the Luxembourg law aspects of an offer made by Auna S.A., one of the largest and most re...