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Announced

Yorkville Advisors to invest $400m in Lordstown Motors.

Financials

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Transaction Value£290m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Automobiles

electric vehicles

United States

Private Equity

Pending

Single Bidder

Public

Friendly

Minority

Acquisition

Synopsis

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Yorkville Advisors, an investment firm, agreed to invest $400m in Lordstown Motors, an American electric vehicle automaker. The capital provides a lifeline to Lordstown, which has struggled in recent months. The hedge fund, which is able to buy the shares at $7.48 a share, could also benefit financially if the stock price rises.

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