Reckitt Benckiser, Emerson Group, McKesson and Sealed Air are set to score exits from the e-commerce services provider.

Packable, the US-based holding company for e-commerce services provider Pharmapacks that counts several corporates as investors, agreed to a reverse takeover yesterday with special purpose acquisition company Highland Transcend Partners I Corp.

The merger gives Packable a pro forma enterprise value of $1.55bn and it will acquire the listing on the New York Stock Exchange held by Highland Transcend.

The deal is being supported by $180m in private investment and public equity (PIPE) funding from investors including investment and financial…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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