Uni Express Inc. (UniUni), a leading last-mile delivery platform, entered into a definitive purchase agreement with MAK Acquisition Corp. (TSX: MAK.U), a publicly traded special purpose acquisition company, that is expected to result in UniUni becoming a publicly listed company through a reverse take-over, subject to regulatory and other customary approvals.
The transaction values UniUni at approximately US$1.0 billion (C$1.37 billion) on an enterprise value basis. In connection with the transaction, MAK Acquisition is conducting a best-efforts private placement of up to US$100 million, with proceeds intended to support UniUni's growth plans and general corporate purposes.
Fasken advised UniUni with a team led by Alex Nikolic, and including Jon Conlin (Emerging Technology and Venture Capital); Enoch Chang, Victoria Zed, Gurinder Gujral, William Smith, Peter Garrett, Stephanie Lee (Capital Markets and M&A); KC Miu (Banking/Finance); Shane Todd (Employment); Christopher Ferguson (Technology); Kevin Yip (Tax); and Ariel Laver and Armand Benitah (IP).
Jurisdictions
- British Columbia
- Ontario
