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New Deal


Announced

Eco Energy World to go public via a SPAC merger with ClimateRock in a $650m deal.

Financials

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Transaction Value£571m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Renewable Energy Equipment

Pending

solar power plants

United Kingdom

Majority

Reverse Takeover

Domestic

Merger

Friendly

Private

De-SPAC

Acquisition

Single Bidder

Synopsis

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Eco Energy World, a developer of utility scale solar PV projects, agreed to go public via a SPAC merger with ClimateRoc in a $650m deal. “Today’s announcement is truly an incredible milestone for EEW and I could not be more pleased with the business combination. We are looking forward to our partnership with ClimateRock and we are proud of our EEW colleagues. We have been aggressively implementing our growth strategy, and through this business combination we believe we will be well positioned to continue executing our business plan. Together EEW and members of the ClimateRock management team have a solid track record of creating value and driving growth in the renewable energy sector,” Svante Kumlin, EEW Founder and CEO.

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