Carousell, L Catterton Said in $1.5 Billion SPAC Deal Talks
- Firms are in exclusive talks; focusing on due diligence
- An agreement could be reached as early as this quarter
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Carousell Pte, a Singapore-based online classifieds marketplace operator, is in talks to go public through a merger with blank-check company L Catterton Asia Acquisition Corp., according to people familiar with the matter.
A transaction could value the combined entity at as much as $1.5 billion, the people said, asking not to be identified because the information is private. Carousell has entered into exclusive talks with the special purpose acquisition company, the people said.