Tim Hortons China close to inking SPAC deal: Bloomberg

The joint venture that runs the Chinese locations of iconic Canadian coffee shop chain Tim Hortons is nearing a deal to go public through a merger with blank-check company Silver Crest Acquisition Corp, Bloomberg reported.

The joint venture that runs the Chinese locations of iconic Canadian coffee shop chain Tim Hortons is nearing a deal to go public through a merger with blank-check company Silver Crest Acquisition Corp, Bloomberg reported. A deal could value the combined entity at about $1.8 billion. Silver Crest is a US-listed special purpose acquisition company backed by Greater China-focused private equity firm Ascendent Capital Partners.

Source: Bloomberg