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Weil advises ChargePoint Holdings on acquisition of has-to-be

Photo: Char­ge­Point Electric Vehi­cle Char­ging Network
23. July 2021

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.

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