Terrapin 3 Acquisition Corp. (TRTL) announced the acquisition of Yatra Online, Inc. for $218 million. Deutsche Bank served as the lead capital markets advisor. The transaction values Yatra at 3.0x FY2017E net revenue and 2.1x FY2018E net revenue. Yatra's shareholders will retain 34% ownership, while TRTL's public shareholders will hold 53%. The acquisition aims to leverage India's growing travel market and Yatra's strong market position.
documents/EFTA01369692.pdf
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