Union Acquisition Corp. II (LATN) to Combine with Procaps in $1.1Bn Deal

Union Acquisition Corp. II (LATN) to Combine with Procaps in $1.1Bn Deal

Union II (NASDAQ:LATN) has entered into a definitive agreement to combine with pharmaceutical manufacturer Procaps Group at an enterprise value of $1.1 billion, or 10.75x its 2021E EBITDA. Barranquilla, Colombia-based Procaps is one of the world’s largest manufacturers of softgel medicines and offers a range of other diversified pharmaceutical products and services. The combined company
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