Aurora Acquisition / Better 2021
Aurora Acquisition Corp. acquired Better for $6.9B on May 11, 2021.
- Target
- Better
- Acquirer
- Aurora Acquisition Corp.
- Deal value
- $6.9B
- Announced
- May 11, 2021
- Sub-sector
- Mortgage Tech
Transaction overview
- Aurora Acquisition Corp. announced the acquisition of Better on May 11, 2021 for $6.9B.
Strategic rationale
SPAC merger to take digital mortgage platform public with $1.5B capital injection to accelerate product innovation and B2B expansion.
Deal terms & multiples
Sources
- itbusinessnet.com /2021/12/correcting-replacing-digital-homeownership-platform-better-announces-up-to-1-5-billion-in-bridge-financing-and-convertible-notes-with-aurora-acquisition-corp-novator-capital-aurora-sponsor-and/