Deal Snapshot
Men´s Lifestyle and Consumer Brand Manscaped to Merge with SPAC
Wednesday 24 November 2021

US-based male grooming company Manscaped and US-based special purpose acquisition company Bright Lights Acquisition Corp. (NASDAQ: BLTS) have entered into a definitive business combination agreement that will result in Manscaped becoming a public company, the companies said.

Upon closing of the transaction, the combined company will be renamed Manscaped Holdings, Inc. and expects to apply to be listed on the NASDAQ under the new ticker symbol "MANS." The combined company will be led by Paul Tran, Founder and chief executive officer of Manscaped. Manscaped was founded in 2016 and is in men's below-the-waist grooming, commonly referred to as "manscaping." The business combination implies an enterprise valuation for Manscaped of USD 1bn, or approximately 2.6x 2022 revenue.

Date Published: 24/11/2021