TPG Pace Beneficial II Files for $350M IPO

TPG Pace Beneficial II registered with the SEC to offer 35 million units at $10 each.

The new SPAC said in the filing it will target companies “with the potential for strong environmental, social and governance (“ESG”) principles.”

TPG Pace III is led by Chairman and Director Karl Peterson, a senior partner of TPG and managing partner of TPG Pace Group, the firm’s SPAC unit. 

Management’s first TPG Pace blank-check company is in a pending merger with EVBox, which offers Europe’s largest installed base of charging solutions.

The SPAC expects to apply for a NYSE listing under YTPG. Read more.

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The SPAC has not cited any specific sectors to target, but will concentrate on companies in growing markets, with differentiated products or services and unrecognized value.