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New Deal


Announced

Completed

Zapp went public via a SPAC merger with CIIG Capital Partners II in a $573m deal.

Financials

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Transaction Value£484m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

Auto Services

Acquisition

electric vehicles

Cross Border

Private

De-SPAC

Friendly

United Kingdom

Reverse Takeover

Single Bidder

Recreational Vehicles and Boats

Completed

Synopsis

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Zapp, a UK-based, high-performance two-wheel electric vehicle company, went public via a SPAC merger with CIIG Capital Partners II, a US publicly-listed blank check company, in a $573m deal. “Since the beginning, a public listing has always been important to us, and everyone’s effort on this aspect of our business has made that goal a reality. We would like to thank the teams from CIIG II and SPAC Advisory Partners for their support and cooperation in making this possible. Our Nasdaq debut also reflects and honors the hard work and creative minds that have made Zapp one of the leading innovators in the electric two-wheeler market,” Swin Chatsuwan, Zapp Founder and CEO.

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