Transaction

Transaction Details

Closed
November 26, 2019

Sector

Software, Technology

Deal Type

Mergers and Acquisitions

Deal Value

$192M

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GCA Advises the Shareholders of Kaleyra on Business Combination with GigCapital

GCA is pleased to announce we advised the shareholders of Kaleyra, a cloud communications software provider delivering secure APIs and connectivity solutions in the API / CPaaS market, on its business combination with GigCapital Inc., a NYSE-listed special purpose acquisition company.

Kaleyra is a global company that provides mobile messaging services to financial institutions and other enterprises of all sizes. The company has over 3,000 diverse customers in its target industries, which comprise financial technology, e-commerce, logistics, travel, healthcare, retail and education. Kaleyra’s solutions include identity authentication, mobile and voice transaction notifications, and banking services authorizations, which are delivered by various integrated mobile channels on its platform.

Following the business combination with GigCapital, Kaleyra will be listed on the New York Stock Exchange with the ticker symbol KLR. The company will be managed by current Kaleyra CEO Dario Calogero and the Kaleyra leadership team, with GigCapital founder Dr. Avi Katz serving as Chairman.

GCA acted as financial advisor to the shareholders of Kaleyra. The transaction is subject to customary closing conditions including regulatory and stockholder approvals.

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