European E-Grocery Platform Everli Targets US Public Market with Melar Deal

Melar Acquisition Corp. I, a US-based special purpose acquisition company (SPAC), has entered into a definitive business combination agreement with the European e-grocery marketplace, Everli. The transaction will result in Everli becoming a publicly listed company, with plans to trade on the Nasdaq Capital Market under the ticker symbol 'EVLI'.

The deal values the combined entity, to be named Everli N.V., at a pro forma enterprise value of approximately USD 209 million. Following the merger, Everli will continue to be led by its CEO, Federico Sargenti.

Everli operates an asset-light model connecting consumers with personal shoppers and has active partnerships with major European grocery retailers, including Lidl, Kaufland, and Carrefour.

Melar Acquisition Corp. I was assisted on Italian legal matters by FIVERS Studio Legale e Tributario. The team was coordinated by managing partner Francesco Di Carlo and included Fabio Oneglia (co-managing partner), Francesca Pulejo (partner), Debora Gobbo (partner), Alessandro Del Ninno (partner), Luca Russo (senior associate), Filippo Raynaud (associate), Vincenzo Di Pasquale (associate), and Eugenia Di Nucci (junior associate).

Paul Hastings LLP served as US legal counsel to Melar, while Cohen & Company Capital Markets acted as its capital markets advisor.

Everli was advised by White & Case LLP as US legal counsel and Deloitte Legal as Italian legal counsel. Jefferies LLC served as exclusive financial advisor to Everli.