Queen’s Gambit Growth Capital (GMBT) to Combine with Swvl in $1.1Bn Deal

Queen’s Gambit Growth Capital (GMBT) to Combine with Swvl in $1.1Bn Deal

Queen’s Gambit (NASDAQ:GMBT) has entered into a definitive combination agreement with mobility tech firm Swvl at an enterprise value of $1.1 billion, or 2.8x its 2023E gross revenue. Dubai-based Swvl operates a shared ride-hailing service using minibuses as an urban transport solution as well as a B2B service. The combined company is expected to trade
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