Weil advises ChargePoint Holdings on acquisition of has-to-be
New York/ Frankfurt a. M. / Munich — The Munich, Frankfurt and New York offices of the international law firm Weil, Gotshal & Manges LLP have advised ChargePoint Holdings, Inc. on the acquisition of has-to-be GmbH. The purchase price is approximately EUR 250 million (subject to adjustments) and will be paid in both cash and shares. The closing of the transaction is subject to regulatory approval and customary closing conditions.
has-to-be GmbH is a leading provider of electromobility software in Europe, headquartered in Austria, in which Volkswagen was also invested alongside private shareholders.
ChargePoint Holdings, Inc. headquartered in Campbell, California, operates the world’s largest network of electric vehicle charging stations with a wide range of services in North America and Europe.
After merging with Switchback Energy Acquisition Corporation, a SPAC (Special Purpose Acquisition Company) focused on companies in the energy value chain, ChargePoint is the world’s first EV charging infrastructure network to become publicly traded with a listing on the NYSE in March 2021.
The Weil team was led by Munich Corporate Partner Prof. Dr. Gerhard Schmidt and was supported by Partners Manuel-Peter Fringer, Dr. Barbara Jagersberger (both Corporate, Munich), Tobias Geerling (Tax, Munich) as well as Counsel Dr. Felix Ganzer (Corporate, Frankfurt), Florian Wessel (Corporate/Regulatory, Munich), Benjamin Rapp (Tax, Munich), Dr. Konstantin Hoppe (IP/IT, Munich) and associates Andreas Fogel, Cornelia Tu, Amelie Zabel, Maximilian Schmitt (all Corporate, Munich), Steffen Giolda (Corporate/Regulatory, Frankfurt), Mareike Pfeiffer (Labor Law, Frankfurt) and Mario Kuhn (Corporate, Frankfurt). The New York team included corporate partners Amanda Fenster and Frank Adams and corporate associate Joseph Viscomi.
About Weil, Gotshal & Manges
Weil, Gotshal & Manges is an international law firm with more than 1,100 lawyers, including approximately 300 partners. Weil is headquartered in New York and has offices in Boston, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Beijing, Princeton, Shanghai, Silicon Valley and Washington, D.C.