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

DEAL – SPAC – de-SPAC – ACQUISITION

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