Investcorp India Proposes Business Combination with Bigtincan

Investcorp India Acquisition Corp. Class A ( (IVCA) ) just unveiled an announcement.

Investcorp India Acquisition Corp. has nearly completed its due diligence and negotiations with Bigtincan Holdings Limited, proposing a business combination that values the enterprise at approximately $275 million. The deal would result in Bigtincan delisting from the Australian Securities Exchange and becoming listed on the Nasdaq, with Investcorp investing $12.5 million into the new entity for a 20% equity stake. The transaction also offers a cash facility for smaller shareholders, suggesting a premium on their shares. The proposed arrangement aims to leverage Bigtincan’s expertise in sales enablement and AI to position it as a leader in enterprise software on a global scale.

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