Buchalter is advising men’s “below-the-waist grooming” brand Manscaped on its go-public merger with a special purpose acquisition company.
Skadden Arps is advising the SPAC, Bright Lights Acquisition Corp., on the transaction, which values the combined company at about $1 billion, or around 2.6 times Manscaped’s expected 2022 revenues.
Upon closing, expected in 2022’s first quarter, the combined company will be renamed Manscaped Holdings Inc. It’s expected to apply for listing on the Nasdaq under the new ticker symbol “MANS,” according to a statement.
San Diego-headquartered Manscaped expects to have up to $305 million in cash and no debt at closing. ...
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