Inactive Instrument

TPG Pace Beneficial Finance Corp.

TPGY

KYG8990D1253

TPG Pace Beneficial Finance : Backed Blank-Check Company to Merge With EVBox; Engie to Retain Stake Over 40%

December 10, 2020 at 07:04 pm EST

By Josh Beckerman

EVBox Group, an electric vehicle charging products company owned by Engie SA, agreed to merge with a blank-check company formed by TPG.

TPG Pace Beneficial Finance said the transaction values EVBox at an implied $969 million enterprise value. The blank-check company's shares were up 110% after hours to $23.34.

Engie will retain a stake of more than 40%.

A $225 million private placement at closing will include participation from BlackRock Inc., Inclusive Capital Partners, Neuberger Berman Funds and Wellington Management.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

12-10-20 1903ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BLACKROCK, INC.	761.3 USD	-0.21%	+0.15%	113B
	ENGIE	16.25 EUR	+0.93%	+1.72%	41.62B

Latest news about TPG Pace Beneficial Finance Corp.

TPG shutters SPAC after failing to find deal	22-09-23	RE
TPG Pace Beneficial Finance Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-02	CI
TPG Pace Beneficial Finance Corp. Announces Resignation of Nancy Mahon as Member of the Board of Directors	22-05-27	CI
TPG Pace Beneficial Finance Corp. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-04	CI
TPG Pace Beneficial Finance Corp. Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-17	CI
TPG Pace Beneficial Finance Corp. Auditor Raises 'Going Concern' Doubt	22-02-16	CI
Insider Sell: Tpg Pace Beneficial Finance	22-01-03	MT
TPG Pace Beneficial Finance, EVBox Terminate Merger Agreement	21-12-30	MT
EV-Box B.V. cancelled the acquisition of TPG Pace Beneficial Finance Corp. in a reverse merger transaction.	21-12-28	CI
TPG Pace Beneficial Finance Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-08	CI
Tpg Pace Beneficial Finance Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-12	CI
Tpg Pace Beneficial Finance Corp. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-17	CI
Certain Class F Ordinary Shares of TPG Pace Beneficial Finance Corp. are subject to a Lock-Up Agreement Ending on 5-APR-2021.	21-04-04	CI
Tpg Pace Beneficial Finance Corp. Reports Earnings Results for the Full Year Ended December 31, 2020	21-03-24	CI
TPG Pace Beneficial Finance : Merger Partner EVBox Reaches 200,000 Charge Ports	21-01-06	MT
TPG Pace Beneficial Finance : EV Charged to Go Public via Merger With Blank-Check Company TPG Pace	20-12-11	MT
TPG Pace Beneficial Finance : Backed Blank-Check Company to Merge With EVBox; Engie to Retain Stake Over 40%	20-12-10	DJ
TPG Pace Beneficial Finance : Surges 116% After Hours on EVBox Deal	20-12-10	DJ
TPG Pace Beneficial Finance Corp. announced that it expects to receive $225 million in funding from BlackRock, Inc., Inclusive Capital Partners, L.P., Neuberger Berman Group LLC, Wellington Management Group LLP, and other investors	20-12-09	CI
EV-Box B.V. entered into a definitive agreement to acquire TPG Pace Beneficial Finance Corp. in a reverse merger transaction.	20-12-09	CI
TPG Pace Beneficial Finance Corp. has completed an IPO in the amount of $350 million.	20-10-07	CI
TPG Pace Beneficial Finance Corp. announced that it has received $9 million in funding from TPG Pace IV Sponsor, Series LLC	20-10-05	CI
TPG Pace Beneficial Finance Corp. has filed an IPO in the amount of $350 million.	20-09-03	CI
TPG Pace Beneficial Finance Corp. announced that it expects to receive $9 million in funding from TPG Pace IV Sponsor, Series LLC	20-09-02	CI

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TPG Pace Beneficial Finance Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not identified any potential business combination target and has not initiated any substantive discussions, directly or indirectly, with any potential business combination target. The Company is focused on sponsoring the public listing of a company that combines attractive business fundamentals with, or with the potential for environmental, social and governance (ESG) principles and practices through a business combination.

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