Brief: Procaps Is Going Public via Merger with Union Acquisition Corp II

Sofgen Pharma SA

31/03/2021 12:45

March 31 (Reuters) - 
    * PROCAPS GROUP, A PHARMACEUTICAL TECHNOLOGY AND HEALTHCARE
COMPANY BASED IN LATIN AMERICA, GOING PUBLIC VIA MERGER WITH
UNION ACQUISITION CORP II
    * UNION ACQUISITION CORP. II - COMBINED CO TO HAVE AN
IMPLIED
INITIAL ENTERPRISE VALUE OF ABOUT  $1.1 BILLION
    * UNION ACQUISITION CORP. II - COMBINED CO EXPECTED TO HAVE
ESTIMATED $300 MILLION IN GROSS CASH PROCEEDS, INCLUDING $100
MILLION FULLY COMMITTED PIPE
    * UNION ACQUISITION CORP. II - COMBINED CO EXPECTED TO BE
LISTED
ON NASDAQ CAPITAL MARKET UNDER THE SYMBOL “PROC.”
    * UNION ACQUISITION CORP. II - PIPE WAS RAISED FROM
INVESTORS,
FUNDS SUCH AS COMPASS GROUP AND MONEDA ASSET MANAGEMENT, GRUPO
CONSORCIO
    * UNION ACQUISITION CORP. II - GROUP OF INVESTORS COMMITTED
TO
PARTICIPATE IN PIPE TO ACQUIRE $100 MILLION OF SHARES OF LATN AT
$10.00 PER SHARE
    * UNION ACQUISITION CORP. II - COMBINED CO WILL BE LED BY
RUBEN
MINSKI, FOUNDER, CHAIRMAN OF BOARD AND CEO OF PROCAPS GROUP

Source text: https://refini.tv/31wO4fv

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