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TPG Pace Solutions Corp. (NYSE: TPGS) has announced that the SEC has declared effective its registration statement on Form S-4 for its proposed business combination with Vacasa, a leading vacation rental management platform in North America. A Special Meeting is scheduled for November 30, 2021, to approve the transaction. Shareholders must vote in advance to facilitate the business combination, which is expected to close shortly after the meeting. Upon closing, the new entity will trade as 'VCSA' on Nasdaq.
This season, travel trends indicate a resurgence in holiday travel, with 49% of Americans planning trips. 82% of these travelers plan to travel again before spring. The 2021 Holiday Forecast and Winter Travel Trends report by Vacasa reveals that hometown travel is a priority (37%), with vacations to warmer and mountain-snow destinations close behind (33% and 23%, respectively). The report highlights growing travel interest among Gen Z and Millennials and the ongoing influence of remote work on travel habits.
Vacasa, the leading vacation rental management platform in North America, has launched its Homeowner app. This mobile app connects homeowners to insights on the management and performance of their vacation rentals, enhancing owner and guest experiences. Designed based on homeowner feedback, the app offers features like revenue dashboards and booking notifications. Vacasa aims to triple its technology investment through cash proceeds from its upcoming merger with TPG Pace Solutions (NYSE: TPGS), reinforcing its commitment to innovation in vacation rental management.
Vacasa, a leading vacation rental management platform in North America, announces that CEO Matt Roberts and CFO Jamie Cohen will participate in a fireside chat at Citi's 2021 Global Technology Conference on September 15, 2021, at 1:00 p.m. EDT. The event will be accessible via the Vacasa Investor Website. Vacasa has over 30,000 homes in more than 400 destinations and is preparing for a public listing through a business combination with TPG Pace Solutions (NYSE: TPGS). Detailed information can be found in Vacasa's SEC filings.
Vacasa reported impressive second quarter 2021 results, significantly exceeding targets set with TPG Pace Solutions. Gross Booking Value soared to $514 million, a 247% increase year-over-year, while Revenue reached $240 million, up 188%. Adjusted EBITDA turned positive at $9 million. The company expects third quarter revenue to be between $300 million and $310 million, surpassing the target of $258 million. Recent product updates include enhancements to the Homeowner Mobile App and new revenue optimization features. Net loss narrowed to $17 million compared to last year.
Vacasa, North America’s premier vacation rental management platform, announced CFO Jamie Cohen will present at Deutsche Bank’s 2021 Technology Conference on Thursday, September 9, 2021, at 3:50 p.m. EDT. The presentation will be accessible via the Vacasa Investor Website. Vacasa manages over 30,000 vacation homes across 400+ destinations and integrates advanced technology with expert teams. The company is in the process of becoming public through a merger with TPG Pace Solutions, a special purpose acquisition company (NYSE: TPGS).
Vacasa has filed a registration statement with the SEC pertaining to its business combination with TPG Pace Solutions (NYSE: TPGS). This registration includes a preliminary proxy statement/prospectus, which provides vital information about both companies and the transaction. TPG Pace Solutions' shares are currently traded under the ticker symbol TPGS, and upon completion, the newly combined company is expected to trade under VCSA. The transaction is pending shareholder approval and other closing conditions.
Vacasa, North America’s leading vacation rental management platform, announced that CEO Matt Roberts and CFO Jamie Cohen will participate in a fireside chat at Oppenheimer’s 24th Annual Technology, Internet & Communications Conference on August 11, 2021, at 11:35 a.m. EDT. The event will be accessible via the Vacasa Investor Website. Additionally, Vacasa is in a proposed business combination with TPG Pace Solutions, details of which will be available in a forthcoming registration statement with the SEC.
Vacasa, North America's leading vacation rental management platform, has announced its plans to go public through a merger with TPG Pace Solutions, a SPAC. The transaction values Vacasa at approximately $4.5 billion and is expected to provide $485 million in gross cash proceeds for growth initiatives. Vacasa's gross booking value is projected to reach $1.6 billion in 2021, with a forecasted revenue CAGR of 31% from 2021 to 2023. The merger is pending TPG Pace Solutions shareholder approval and customary closing conditions.
