LiveVox to Go Public Via SPAC Deal with Crescent Acquisition (2)

Customer-service software provider LiveVox is going public through a merger with blank-check firm Crescent Acquisition Corp., the latest technology company to take the alternative route to the public markets.

LiveVox, which is backed by private equity firm Golden Gate Capital, will combine with the special purpose acquisition company in a transaction valued at $840 million, Chief Executive Officer Louis Summe said in an interview. The SPAC is raising $75 million from institutional investors.

Los Angeles-based Crescent Acquisition raised $250 million in an initial public offering in March 2019. It was founded by Crescent Capital, a private lender ...