Announced
Completed
Financials
Tags
electric vehicles
Private Equity
Majority
Private
Single Bidder
Acquisition
United States
Friendly
Auto Services
Merger
Domestic
De-SPAC
Completed
Reverse Takeover
Synopsis
Apollo-backed Spartan Energy Acquisition, a special purpose acquisition company, completed the merger with Fisker, an American electric vehicle automaker, in a $2.9bn deal. "Spartan and Apollo have a strong commitment to sustainability and ESG, and we are excited to work with Fisker to help achieve its vision of attainable electric transportation. Henrik has an unparalleled and world-renowned design track record and is supported by an expert management team with storied careers in the automotive industry. The right team, combined with deep financial resources provided by this transaction, further position the company to succeed in a rapidly growing industry," Geoffrey Strong, Spartan Chairman and CEO.
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