SAN FRANCISCO & AMSTERDAM, December 29, 2021– (BUSINESS WIRE) – TPG Pace Beneficial Finance Corp. (NYSE: TPGY.U, TPGY, TPGY WS) (“TPG Pace”), a publicly traded special purpose acquisition company, and EV Charged BV (“EVBox Group”), today announced that TPG Pace , Edison Holdco BV, New TPG Pace Beneficial Finance Corp., ENGIE New Business SAS (“Engie Seller”) and EVBox Group have mutually agreed to terminate their previously announced business combination agreement, with immediate effect.
TPG Pace intends to continue to pursue the completion of a business combination with an appropriate target. Once the agreement is terminated, TPG Pace, Engie Seller and EVBox Group may (but are not required to) continue to discuss a possible business combination transaction involving TPG Pace and EVBox Group.
TPG is a leading global alternative assets company founded in San Francisco in 1992 with $ 109 billion in assets under management and investment and operational teams in 12 offices around the world. TPG invests in five multi-product platforms: Capital, Growth, Impact, Real Estate and Market Solutions. TPG aims to create dynamic products and options for its clients while instituting discipline and operational excellence in its investment strategy and portfolio performance. For more information, visit www.tpg.com or @TPG on Twitter.
About TPG Pace Group and TPG Pace
TPG Pace Group is TPG’s dedicated permanent capital platform. TPG Pace Group has a long-term, patient and very flexible investor base, enabling it to seek out attractive opportunities that will thrive in the public markets. TPG Pace Group has sponsored seven Special Purpose Acquisition Companies (âSPACâ) and has raised more than $ 4.4 billion since 2015.
TPG Pace raised $ 350 million during its IPO in October 2020 to seek a business combination goal that combines attractive business fundamentals with, or with the potential, strong environmental, social and security principles and practices. governance (“ESG”). For more information, visit https://www.tpg.com/pace-beneficial-finance.
About the EVBox group
Founded in 2010, EVBox Group is one of the world’s leading providers of electric vehicle charging technologies, enabling forward-thinking companies to promote sustainable mobility, by offering integrated, flexible and scalable electric vehicle charging solutions. For more information, visit evbox.com. For media inquiries, please contact [email protected]
The information included herein and in all oral statements made hereunder includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this document, are forward-looking statements. When used herein, including any oral statements made in connection therewith, the words “prospect”, “esteem”, “expect”, “possible”, “continue”, “may”, “will be” “,” Should “,” could, “” seek “,” approximately “,” predict “,” intend “,” plan “,” estimate “,” foresee “, the negative of these terms and of other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions regarding future events and are based on the information currently available as to the outcome and timing of future events. If one or more of the risks or uncertainties described in this document and in any oral statements made in this regard occur, or if the underlying assumptions turn out to be incorrect, the networks actuals and plans could differ materially from those expressed in forward-looking statements. Additional information regarding these and other factors that may affect TPG Pace’s expectations and projections can be found in TPG Pace’s initial public offering prospectus, which was filed with the SEC on October 8. 2020. In addition, TPG Pace’s periodic reports and other documents filed with the SEC are publicly available on the SEC’s website at http://www.sec.gov.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211229005343/en/
TPG / TPG rhythm:
Tom Johnson / Sheila Ennis
Abernathy Mac Gregor
(917) 747-6990 / (510) 604-8027
tbj @ abmac.com / sbe @ abmac.com
+31 (0) 6 30 71 06 93
General: [email protected]