Virgin Group Acquisition Corp. II and Grove Collaborative Complete Business Combination
June 14, 2022
Virgin Group Acquisition Corp. II (VGII) and Grove Collaborative announced the completion of their previously announced business combination, with the combined company expected to trade as Grove Collaborative Holdings, Inc. on the NYSE under the ticker “GROV.” The transaction included an $86 million PIPE investment from affiliates of the VGII sponsor and new/existing Grove investors, including Lone Pine Capital, Sculptor Capital Management, General Atlantic, and Paul Polman.
- Buyers
- Virgin Group Acquisition Corp. II
- Targets
- Grove Collaborative, Inc.
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
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