Ticker Launch

SPAC · Merger completed

Virgin Group Acquisition Corp. II

Business combination with Grove Collaborative, Inc.

Virgin Group Acquisition Corp. II is a blank-check company (SPAC) that raised $350M in its initial public offering on Mar 24, 2021, listing on New York Stock Exchange. It completed its business combination with Grove Collaborative, Inc. on Jun 16, 2022; the combined company is Grove Collaborative Holdings, Inc. (GROV). Virgin led the IPO, with Virgin Enterprises. Davis Polk advised the SPAC and Latham & Watkins advised the underwriters on the IPO.

Grove Collaborative, launched in 2016 as a Certified B Corp, creates and curates planet-first consumer products across household cleaning, personal care, laundry and clean beauty. Its aim is to make consumer products a positive force for people and the environment.

Status
Merger completed
IPO date
Mar 24, 2021
IPO size
$350M
IPO exchange
New York Stock Exchange
Target
Grove Collaborative, Inc.
Announced
Dec 8, 2021
Closed
Jun 16, 2022
Combined company
Grove Collaborative Holdings, Inc. (GROV)
IPO underwriters
Virgin and Virgin Enterprises
SPAC counsel (IPO)
Davis Polk and Maples and Calder
Underwriters' counsel (IPO)
Latham & Watkins

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