Channing Tatum, Guggenheim Back Manscaped’s $1 Billion SPAC Deal

Manscaped, a startup specializing in below-the-waist men’s grooming products, plans to go public through a merger with a special purpose acquisition company that values the combined entity at about $1 billion.

The transaction with Bright Lights Acquisition Corp. will help five-year-old Manscaped extinguish debt and fund potential acquisitions, founder and Chief Executive Officer Paul Tran said in an interview.

“We’ll be in a position to accelerate growth, to invest in product development as we take care of men from head to toe,” Tran said, adding that San Diego, California-based Manscaped intends to expand beyond the 38 countries where it ...