TPG Pace Beneficial Finance announced the confidential submission with the SEC of a draft registration statement relating to its previously announced business combination with ENGIE New Business, under which TPG Pace expects to acquire ENGIE’s subsidiary EV Charged B.V.
Pending SEC approval of the registration statement and an affirmative shareholder vote, the combined company would be named EVBox Group N.V. at closing, with common shares and warrants expected to list on the NYSE under EVB and EVB WS, respectively. The confidential submission was made with audited 2019 financial statements of EVBox Group, and TPG Pace anticipates that a subsequent public filing of the Registration Statement will include the updated audited 2020 financial statements of EVBox Group.
The business combination values EVBox at an implied $969 million enterprise value, and a total pro-forma equity value of approximately $1.4 billion.
Based in France, EVBox is a global provider of smart charging solutions for electric vehicles with Europe’s largest installed base of charging solutions and an advanced cloud-based software offering. Read more.
