Announced
Financials
Tags
Single Bidder
charging solutions
Friendly
Netherlands
Acquisition
Cross Border
Auto Services
Pending
electric vehicle infrastructure
Majority
Private Equity
eMobility
Private
De-SPAC
Merger
Synopsis
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.
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