US SPAC buys Procaps, plans Nasdaq listing

US SPAC buys Procaps, plans Nasdaq listing

Corporate & Sovereign Strategy Latin America M&A Equity Capital Markets

US special purpose acquisition company (SPAC) Union Acquisition Corp II (UAC II) said it has agreed to buy Colombian healthcare and pharmaceutical company Procaps Group and list shares on the Nasdaq after the merger. UAC II and Procaps will become subsidiaries of a combined company after "a series of transactions pursuant to the business combination agreement," according to a joint statement on Wednesday. The combined company will have an initial enterprise value of $1.1 billion and will receive

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