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New Deal


Announced

Completed

Hyzon Motors went public via a SPAC merger with Riverstone Holdings-backed Decarbonization Plus Acquisition in a $550m deal.

Financials

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Transaction Value£397m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

eMobility

Majority

Automobiles

Private Equity

Acquisition

Private

clean energy

United States

Friendly

De-SPAC

Merger

Reverse Takeover

Completed

Synopsis

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Hyzon Motors, a mobility and clean energy company, went public via a SPAC merger with Riverstone Holdings-backed Decarbonization Plus Acquisition, a special acquisition company, in a $550m deal. Additional investors include BlackRock, Fidelity Management & Research and Wellington Management. "Completing our business combination with DCRB is a tremendous step forward for Hyzon. It has been a total team effort getting to this point, and we will continue to bring the same dedication to our next, exciting phase of growth as a public company. We have the ability to do even more in converting commercial vehicle fleets worldwide to clean, efficient hydrogen fuel, and are excited to now continue that work," Craig Knight, Hyzon CEO.

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