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GigCapital Acquires Mobile Communication Platform Provider Kaleyra
Monday 02 December 2019

2 December 2019 - California, US-based investment firm GigCapital, Inc. (NYSE: GIG) has closed on its combination with Italy based communications software provider Kaleyra S.p.A., the firm said.

The combination was approved by 98.1%, of GigCapital's stockholders. Terms were not disclosed.

As part of the transaction combining GigCapital and Kaleyra S.p.A., the company's name will be changed to Kaleyra, Inc. Kaleyra, Inc. shares began trading effective November 26, 2019 on the NYSE American, under the ticker symbol KLR.

Kaleyra said the transaction enables the company to enter the public company marketplace, providing the means to further expand and accelerate growth plans of secure, regulatory compliant and integrated mobile communications platform.

GigCapital Group is a private-to-public equity technology, media, and telecommunications focused investment group led by an affiliated team of technology industry corporate executives and entrepreneurs, and TMT operational and strategic experts in the private and public markets,

Kaleyra delivers secure application programming interfaces and connectivity solutions in the API/Communications Platform as a Service (CPaaS) market.

GigCapital was advised on the transaction closing by Cowen and Company, LLC, and Nomura Securities International, Inc. as financial advisors, with Crowell and Moring LLP as legal counsel. Kaleyra S.p.A was advised by Northland Capital Markets and Chiomenti as legal counsel.
Details
Date Published: 02/12/2019
Target: Kaleyra S.p.A.
Country: Italy
Sector: Telecommunications
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: GigCapital, Inc
Comment:
Terms of the deal were not disclosed

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