Hillman Said in Talks to Merge With Fertitta, Jefferies SPAC
- Transaction values combined entity at more than $2 billion
- Private equity firm CCMP has owned majority stake since 2014
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Construction hardware supplier Hillman Group Inc. is in talks to go public through a merger with Landcadia Holdings III Inc., a blank-check firm led by billionaire Tilman Fertitta and Jefferies Financial Group Inc.’s Rich Handler, according to people with knowledge of the matter.
The special purpose acquisition company, or SPAC, has held talks to raise new equity from investors to support the transaction, which is set to value the combined entity at more than $2 billion, said the people, who asked to not be identified because the matter isn’t public. A deal could be announced within weeks, they said.