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Announced

Completed

InterPrivate Acquisition completed the merger with Aeva in a $2.1bn deal.

Financials

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Transaction Value£1,626m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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automotive lidar technology

automotive engineering services

Domestic

Software

Private

engineering services

Acquisition

Friendly

Single Bidder

United States

Majority

Reverse Takeover

Private Equity

Merger

Completed

De-SPAC

Synopsis

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InterPrivate Acquisition, a special-purpose acquisition company, completed the merger with Aeva, a provider of comprehensive perception solutions developed on Silicon Photonics for mass-scale applications in automotive, consumer electronics, consumer health, industrial and security markets, in a $2.1bn deal. "We founded Aeva with the vision to bring a new wave of perception technology to market and advance the capabilities of automated driving. This key milestone marks the next stage of our growth, as we look forward to accelerating our ability to bring our unique 4D LiDAR on chip technology to not just automotive, but consumer, industrial and beyond," Mina Rezk, Aeva Co-Founder, President, CTO and Chairman. On January 4, 2021, Sylebra Capital, a global technology investment firm, said it will provide $200m in funding to InterPrivate in exchange for additional stake in the vehicle.

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