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New Deal


Announced

EO Charging to go public via a merger with First Reserve Sustainable Growth in a $675m deal.

Financials

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Transaction Value£487m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

Domestic

De-SPAC

Friendly

Private

turnkey solutions

Majority

Auto Services

United Kingdom

Reverse Takeover

Pending

Single Bidder

Synopsis

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EO Charging, a provider of technology-enabled turnkey solutions for electric vehicles, is set to go public via a merger with First Reserve Sustainable Growth, a SPAC, in a $675m deal. "Through this exciting combination, EO is positioned to accelerate our growth timeline, expand our geographic reach, and drive innovation to deliver an ever advancing suite of solutions to our fleet customers. We have developed an EV charging ecosystem that makes EO the ultimate plug-in charging partner for any business. We are proud of our established position across Europe, and are excited at the opportunity to expand our services to the global market," Charlie Jardine, EO Charging Founder and CEO.

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