Signa Sports United will combine with Yucaipa Acquisition Corporation, a special purpose acquisition company that trades on the NYSE as YAC, in a deal that values the combined companies at about $3.2 billion. The transaction will be funded by the $345 million held in Yucaipa’s trust account, with another $300 million equity investment “PIPE” of which $50 million will come from Yucaipa founder Ron Burkle. Signa Sports current owners, including controlling shareholder, Austrian investor Rene Benko, will convert 100% of their ownership stakes into the new public company. The deal is expected to close in the second half of 2021, ... Log in to view full article.