EVBox Group to Become Public Company via Business Combination with TPG Pace Beneficial Finance
EVBox Group to Become Public Company via Business Combination with TPG Pace Beneficial Finance
TPG Pace Beneficial Finance Corp. (NYSE: TPGY.U, TPGY, TPGY WS) (TPG Pace), a publicly traded special purpose acquisition company (SPAC) formed by TPG that is focused on high-growth companies with strong environmental, social and governance (ESG) principles, today announced it has entered into a definitive agreement with ENGIE New Business S.A.S., a wholly owned subsidiary of ENGIE S.A. (Engie), a multi-national utility with headquarters in France, to acquire its subsidiary EV Charged B.V. (the Company, EVBox or EVBox Group) for a combination of cash and equity. EVBox is a leading global provider of smart charging solutions for electric vehicles (EV) with Europes largest installed base of charging solutions and the most advanced cloud-based software offering.