Announced
Completed
Financials
Tags
Netherlands
Friendly
Reverse Takeover
Acquisition
Private
Majority
De-SPAC
Auto Services
Cross Border
electric vehicle infrastructure
Private Equity
Single Bidder
Completed
Merger
Synopsis
Allego, a developer of electric vehicle charging infrastructure and services, went public via a merger with Spartan Acquisition III in a $3.1bn deal. The deal included a PIPE investment from ECP, Fisker, Landis+Gyr, Hedosophia, Apollo Global Management and Meridiam. "Strategic partnership with Spartan, which will provide capital to accelerate our leadership position within the European charging market, all while maintaining a strong financial position throughout the growth phase. Europe has one of the largest populations of EVs in the world, which is continuing to grow at a greater pace than many other major growth markets, including the United States. Supported by these tailwinds and bolstered by the capital we are raising, we are well positioned to expand our footprint as EVs increasingly replace traditional internal combustion engines," Mathieu Bonnet, Allego CEO.
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