Private equity investment company Yucaipa, led by Ron Burkle, is taking a German online bike retailer SIGNA Sports United public via an Special Purpose Acquisition Company (SPAC) acquisition, the two said last week. Yucaipa Acquisition Corporation, which trades on the NYSE as YAC, will acquire SIGNA Sports United in a deal which values SIGNA Sports United at $3.2 billion. According to the companies, the deal includes approximately $645 million of gross proceeds through a cash contribution of approximately $345 million held in Yucaipa's trust account and a fully committed upsized PIPE of approximately $300 million. The companies said SIGNA Sports United owns WiggleCRC, the second largest online bike retailer globally. The company will have net revenues of approximately $1.6 billion.