Hims & Hers to Go Public via Merger with Oaktree Acquisition Corp.
October 1, 2020
Hims & Hers (Hims, Inc.), a multi-specialty telehealth and consumer health platform, entered a definitive merger agreement with SPAC Oaktree Acquisition Corp. The business combination values the combined company at an approximate $1.6 billion enterprise value and provides up to $280 million of cash (including a $75 million PIPE led by Franklin Templeton and certain Oaktree clients) to accelerate Hims & Hers' growth and expansion into new care categories.
- Buyers
- Oaktree Acquisition Corp., Franklin Templeton, Oaktree Capital Management (sponsor / Oaktree clients participating in PIPE)
- Targets
- Hims & Hers (Hims, Inc.)
- Industry
- Healthcare Services
- Location
- California, United States
- Transaction Type
- Buyout
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