The Bertelsmann and CAA-backed dog product supplier will secure a New York Stock Exchange listing and $200m in PIPE financing.
Bark, a US-based dog product provider backed by media group Bertelsmann and talent agency CAA, has agreed to a reverse merger with special purpose acquisition company Northern Star Acquisition Corp.
The deal will involve the merged business taking the New York Stock Exchange listing Northern Star secured when it floated in a $250m initial public offering last month. It is expected to have an enterprise value of approximately $1.6bn once the transaction closes.
A consortium including financial services and investment…
