Playa Hotels & Resorts and Pace Holdings Corp. announce business combination
Today, Playa Hotels & Resorts (Playa), a leading owner, operator, and developer of premier all-inclusive resorts, announced that it has entered into a definitive business combination agreement with Pace Holdings Corp. (NASDAQ:PACE), a special-purpose acquisition company sponsored by an affiliate of TPG.Playa to become publicly listed company
The combined company will retain the Playa name and will be a publicly listed company with an anticipated initial enterprise value of approximately USD 1.75 billion.
NautaDutilh advises Playa Hotels & Resorts on this matter. The team consists of Ruud Smits (lead partner), Chris Warner, Paul van der Bijl, Elizabeth van Schilfgaarde, Sophie van Lanschot, Pieternel van den Brink, Nina Kielman, Wouter Wehmeijer and Philip Silvis.
Playa Hotels & Resorts and Pace Holdings Corp. issued a press release.