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TPG Pace Beneficial Finance Corp. (NYSE: TPGY,WS) and EVBox Group have mutually terminated their business combination agreement. Effective immediately, TPG Pace will seek to pursue a new business combination target. While discussions with EVBox may continue, there are no obligations to finalize any deal. Founded in 1992, TPG manages $109 billion in assets globally and has sponsored seven SPACs since 2015, raising over $4.4 billion. TPG aims to focus on opportunities featuring strong ESG principles.
TPG Pace Beneficial Finance Corp. (NYSE: TPGY) has confidentially submitted a draft registration statement with the SEC regarding its business combination with ENGIE New Business S.A.S., aimed at acquiring EV Charged B.V. (EVBox Group). The proposal anticipates listing its shares under the new ticker symbols “EVB” and “EVB WS.” This transaction is expected to close after SEC review, pending shareholder approval. The submission includes audited financials for 2019, with 2020 statements to follow. TPG Pace emphasizes its focus on high-growth companies with strong ESG principles.
Aetna Corp and EVBox Group have launched a strategic partnership aimed at enhancing electric vehicle (EV) charging infrastructure in the U.S., particularly in New England and the Mid-Atlantic regions. Capitalizing on over 90 years of experience, Aetna will leverage its knowledge in retail and hospitality to facilitate EV charging installations. The partnership will utilize EVBox’s scalable EV charging solutions, compliant with Open Charge Point Protocol, to meet the growing demand within the industry, projected to expand at 40% annually. This collaboration aims to boost customer traffic and support sustainable practices.
EVBox Group has announced participation in four investor conferences in March, including the Deutsche Bank Startups Virtual 'Bus Tour' and UBS Global Energy Transition Conference on March 5, followed by the Baird Vehicle Technology and Mobility Conference on March 9, and the Cowen Mobility Disruption Conference on March 11. EVBox will become a public company through a merger with TPG Pace Beneficial Finance Corp. (NYSE: TPGY.U, TPGY, TPGY WS), with shares expected to trade under the ticker 'EVB' after acquiring EV Charged B.V.
EVBox Group, a leader in smart charging solutions for electric vehicles, will participate in three investor conferences in February: Barclays Industrial Select Conference on February 16, BTIG Energy Transition EV Day on February 23, and Wolfe Research Global Auto, Auto Tech and Mobility Conference on February 25. In December 2020, TPG Pace Beneficial Finance Corp. (NYSE: TPGY) announced its agreement to acquire EVBox, enabling it to go public under ticker symbols ‘EVB’ and ‘EVB WS’ on the NYSE.
Koch Strategic Platforms (KSP) has formed a strategic partnership with EVBox, a leader in electric vehicle charging solutions. This partnership enhances KSP's role as an investor and partner, leveraging Koch Industries' resources to boost EVBox's growth in North America and globally. The collaboration includes a business combination with TPG Pace Beneficial Finance Corp., leading to EVBox's public listing on the NYSE and providing it with significant growth capital. This partnership aims to innovate EV solutions and expand charging infrastructure across the U.S. and worldwide.
EVBox Group has announced its participation in the 23rd Annual ICR Conference, scheduled for January 13, 2021. Kristof Vereenooghe, the President and CEO, will present at the event. Additionally, TPG Pace Beneficial Finance Corp. (NYSE: TPGY) has entered into an agreement to acquire EV Charged B.V., a subsidiary of ENGIE New Business S.A.S. This transaction will enable EVBox to become a publicly traded company on the NYSE under the ticker symbols 'EVB' and 'EVB WS'. Further details are available in the full press release.
EVBox has achieved a significant milestone by installing 200,000 charging ports globally, doubling its previous count since November 2019. The company recently announced plans to become a public entity through a merger with TPG Pace Beneficial Finance (NYSE: TPGY), anticipated to finalize by late Q1 2021. In 2020, EVBox also celebrated its 10th anniversary and made strides in environmental initiatives such as the planting of 100,000 trees through its OneChargerOneTree program. These efforts reflect the company’s commitment to promoting sustainable transportation solutions.
TPG Pace Beneficial Finance Corp. (NYSE: TPGY) has announced a definitive agreement to acquire EV Charged B.V. (EVBox) from ENGIE New Business S.A.S. for cash and equity. This transaction is set to provide EVBox with over $425 million in cash to enhance its global expansion, particularly in Europe and North America. EVBox, a leader in EV charging solutions, boasts the largest installed base in Europe with over 190,000 charge ports. The deal values EVBox at an enterprise value of $969 million, reinforcing TPG Pace's commitment to high-growth ESG-focused companies.
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