Announced
Completed
Financials
Tags
De-SPAC
Alternative Fuels
Friendly
Private Equity
Private
Acquisition
Domestic
Majority
Reverse Takeover
renewable natural gas
United States
Merger
Single Bidder
Completed
Synopsis
OPAL Fuels, a producer and distributor of renewable natural gas, went public via a SPAC merger with ArcLight Clean Transition II in a $1.75bn deal. PIPE investors include NextEra Energy, Electron Capital Partners, Gunvor Group, Wellington Management, Adage Capital Management and ArcLight. “We are incredibly proud to complete this transaction and become a public company. This transformative step enables the next phase of growth at OPAL Fuels, and we look forward to our continued partnership with the ArcLight team and delivering value to all of our stakeholders," Adam Comora, OPAL Co-CEO.
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