Global Blue / Far Point merger

Overview:

• Switzerland based tax-free retailer Global Blue has merged with Far Point, an SPAC established by hedge fund Third Point. 
• The deal will see Ant Financial Services Group and Third Point invest $£350 million into the business. 
• The combined company will be publicly traded on the New York Stock Exchange and has an enterprise value of $2.6 billion.
• Silverlake - one of Global Blue's sponsors - will remain a shareholder. 

Natasha Forrest - Researcher