Brazil’s Patria-backed Lavoro To List on Nasdaq via SPAC Merger

Source(s): Business Wire (TPB, Lavoro)

Lavoro, a Brazil-based agricultural inputs retailer backed by Patria Investments, agreed to list on the Nasdaq through a SPAC merger with TPB Acquisition Corporation I, sponsored by investment holding company The Production Board (TPB), at an implied enterprise value of ~USD1.2b. The merger will include a USD180m contribution by the SPAC and an additional USD100m private placement with TPB. Read more