Coinshares International Limited, European Asset Manager specializing in digital assets, and Vine Hill Capital Investment Corp., a public acquisition company in the United States.
Coinshares trading prices at $ 1.2 billion before US money on a Pro-Forma basis.
The transaction is available at 7.3x businesses / CY2024 EBITDA and 10.7x prices / profits, compared to peers at 20.9x and 25.4x, respectively.
When closing the transaction, Coinshares and Vine Hill security holders will exchange their titles for a new combined company, Odysseus Holdings Limited (“Holdco”).
Jean-Marie Mognetti, Managing Director & Co-Founder of Coinshares, said:
“This transaction represents much more than a change in the registration space from Sweden to the United States. It marks a strategic transition to coinshares, accelerating our ambition for global leadership, backed by favorable regulatory tail.
Nicholas Petruska, chief executive of Vine Hill, said:
“Coinshares is an example of ~ 70% customized EBITDA margins to CY2024, combined with the access and distribution of US capital markets, creates an unstoppable growth engine.”