Deals
Hillman Is Said to Reach Deal With Tilman Fertitta’s Landcadia SPAC
- SPAC is backed by Houston Rockets owner Tilman Fertitta
- Wells Capital, Columbia Threadneedle contribute $375 million
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Construction hardware supplier Hillman Group Inc. has struck a $2.64 billion deal to merge with Landcadia Holdings III Inc., a blank-check firm led by Houston Rockets billionaire owner Tilman Fertitta and Jefferies Financial Group Inc.
Investors led by Wells Capital Management and a fund managed by Columbia Threadneedle Investments will contribute $375 million in equity to support the transaction, according to a statement Monday that confirmed a Bloomberg News report.