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Announced

Completed

Kensington Capital Acquisition completed the merger with QuantumScape in a $3.3bn deal.

Financials

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Transaction Value£2,471m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Electronic Components and Equipment

Domestic

Single Bidder

Acquisition

Majority

Merger

Reverse Takeover

Friendly

Private

lithium-ion batteries

batteries

United States

Completed

De-SPAC

Private Equity

Synopsis

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Kensington Capital Acquisition, a special purpose acquisition company, completed the merge with QuantumScape, an American company that produces lithium batteries that are used in electric cars, in a $3.3bn deal. "Today marks a big step in the evolution of our company. This transaction allows QuantumScape to fund development and commercialization of our OEM-validated battery technology as we look forward to playing our part in the electrification of the automotive powertrain, helping transform one of the world's largest industries and fostering a cleaner future for all," Jagdeep Singh, QuantumScape Founder and Chief Executive Officer.

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