Brivo to go public via SPAC merger with Crown at $808M enterprise value

Crown PropTech Acquisitions

Merger values Brivo at $808M enterprise value; existing Brivo shareholders roll 100% of equity for 69% ownership.
Up to $304M in cash proceeds including a $75M PIPE led by Golub Capital; strategic PIPE investor Eagle Eye Networks.
Brivo projects $417M revenue and $290M ARR in 2025, representing 2021E-2025E CAGRs of 55% and 70%.
Transaction expected to close in H1 2022; combined company to trade as BRVS on NYSE.
Brivo serves 44,500+ customer accounts with 23M active users across 42 countries.

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