Announced
Completed
Financials
Tags
Single Bidder
De-SPAC
Private Equity
Domestic
Renewable Energy Equipment
Private
United States
Majority
Reverse Takeover
clean energy
Friendly
renewable energy
Acquisition
Merger
Completed
Synopsis
Altus Power, a clean electrification company, went public via a SPAC merger with CBRE Acquisition, a blank cheque company, in a $1.58bn deal. The deal includes a $275m PIPE from CBRE Group, Blackstone Credit, ValueAct Capital and Liberty Mutual Investments. “This transaction will deliver the financial and strategic resources to accelerate Altus Power’s growth plan and drive long-term shareholder value creation. CBRE is excited to help Altus Power bring its clean energy solutions and expertise to support our clients in reducing their carbon footprint and meeting their other sustainability goals. This is an increasingly urgent imperative for real estate occupiers and investors alike,” Bill Concannon, CBRE Acquisition CEO. On December 6, 2021, CBRE announced shareholder approval for the acquisition.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.