Ropes & Gray Advises Aurora Acquisition Corp. in its Merger with Better HoldCo.

In The News
May 12, 2021

Ropes & Gray advised Aurora Acquisition Corp., a special purpose acquisition company, in its merger with Better HoldCo. Aurora, which closed its initial public offering on March 8, entered into a definitive merger agreement that will transform Better into a publicly-listed company. The transaction reflects an implied equity value for Better of approximately $6.9 billion and a post-money equity value of approximately $7.7 billion.

The transaction was announced on May 11. The press release is here. 

Founded in 2016, Better is a digital-first homeownership company whose services included mortgage, real estate, title, and homeowners insurance. Aurora Acquisition Corp. is a newly formed blank check company. 

The Ropes & Gray team that advised Aurora was led by mergers & acquisitions partner Carl Marcellino (New York), and included private equity partner Elizabeth Todd (London) and mergers & acquisitions associate Ling Xu (New York).