Holiday rental property marketplace Vacasa will get a Nasdaq listing from the deal, which follows $527m in funding from investors including Assurant.
Vacasa, the US-headquartered holiday home rental service that counts insurance firm Assurant as an investor, agreed yesterday to merge with publicly listed special purpose acquisition company TPG Pace Solutions.
The deal implies a pro forma equity valuation of $4.5bn for Vacasa, which will take the spot on the Nasdaq Capital Market acquired by TPG Pace Solutions in a $250m initial public offering in April this year.
The transaction will be boosted by a $200m equity investment by TPG, the…
