Brief: Livevox To Merge With Crescent Acquisition Corp To Become A Publicly Traded Company In $840 Mln Deal

LiveVox Holdings

14/01/2021 13:51

Jan 14 (Reuters) - Crescent Acquisition Corp  CRSA.O :
    * LIVEVOX, A LEADING CLOUD-BASED CONTACT CENTER PLATFORM, TO
MERGE
WITH CRESCENT ACQUISITION CORP TO BECOME A PUBLICLY TRADED
COMPANY IN AN $840 MILLION TRANSACTION
    * LIVEVOX -  UPON CLOSING OF TRANSACTION, LIVEVOX TO BECOME
PUBLICLY TRADED COMPANY, ITS COMMON STOCK WILL BE LISTED ON
NASDAQ UNDER SYMBOL "LVOX"
    * LIVEVOX - TRANSACTION INCLUDES $75 MILLION PIPE ANCHORED
BY
TOP-TIER MUTUAL FUND AND INSTITUTIONAL INVESTORS
    * LIVEVOX -  CURRENT LIVEVOX OWNERS, LED BY MAJORITY
SHAREHOLDER
GOLDEN GATE CAPITAL, EXPECT TO HOLD APPROXIMATELY 59% OF NEWLY
PUBLIC COMPANY
    * LIVEVOX -  UPON CLOSING OF TRANSACTION, CRESCENT
ACQUISITION
CORP'S NAME WILL BE CHANGED TO "LIVEVOX HOLDINGS, INC."
    * LIVEVOX - LIVEVOX EXPECTS TO GENERATE $129 MILLION OF
REVENUE IN
2021, ABOUT 26% HIGHER THAN ITS 2020 REVENUE

Source text for Eikon:  ID:nBw1GS83la 
Further company coverage:  CRSA.O 

 ((Reuters.Briefs@thomsonreuters.com;))