PORTLAND, Ore. & SAN FRANCISCO–(BUSINESS WIRE)–Jul 29, 2021–
Vacasa, the leading vacation rental management platform in North America, has entered into an agreement to become a publicly traded company through a business combination with TPG Pace Solutions, a special purpose acquisition company (“SPAC”). Upon closing of the transaction, the combined company is expected to be publicly traded under the ticker symbol “VCSA.” The transaction implies a pro forma equity value for Vacasa of approximately $4.5 billion and capitalizes the business with approximately $485 million in gross cash proceeds to fund the company’s future growth plans.
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Stone’s Throw, a Vacasa vacation rental in Miramar Beach, Florida. (Photo: Business…