Analysis LCAA

Carousell, L Catterton SPAC Merger Talks End Amid Rout

, Bloomberg

Carousell Pte, a Singapore-based online classifieds marketplace operator, has recently ended talks to go public through a merger with L Catterton Asia Acquisition Corp. amid market volatility, according to people familiar with the matter.

The SPAC, which has been conducting due diligence on Carousell over the past few months, has not been able to reach a merger agreement with the Southeast Asian business

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