TPG Pace Beneficial Finance to merge with EV Charged in a $969m deal.

TPG Pace Beneficial Finance, a special purposes acquisition vehicle, agreed to merge with EV Charged, an electric-vehicle charging technology services provider, from Engie, an energy company, in a $969m deal. Institutional investors including funds and accounts managed by BlackRock, Inclusive Capital Partners, Neuberger Berman and Wellington Management to invest additional $225m of equity through private placement at closing "With our new partners at TPG, support from ENGIE and a prestigious group of new investors, we anticipate being well positioned to help meet these goals by accelerating product development and providing end-to-end solutions to our expanding customer base, particularly in North America," Kristof Vereenooghe, EV Charged President and CEO.