Munich\/ New York \u2014 Euro\u00adpean Sustainable Growth Acqui\u00adsi\u00adtion Corp. (EUSG) has acqui\u00adred ADS-TEC Energy GmbH, a leading German manu\u00adfac\u00adtu\u00adrer of battery char\u00adging plat\u00adforms. The company opera\u00adtes under the name ADS-TEC Energy and will be listed on the US Nasdaq with an expec\u00adted market capi\u00adta\u00adliza\u00adtion of appro\u00adxi\u00adm\u00adately USD 580 million. \u2014 Global law firm Reed Smith provi\u00added compre\u00adhen\u00adsive advice to Euro\u00adpean Sustainable Growth Acqui\u00adsi\u00adtion Corp (EUSG) on the acqui\u00adsi\u00adtion of ADS-TEC Energy GmbH.<\/p>\n
ADS-TEC Ener\u00adgy\u2019s promi\u00adsing energy manage\u00adment tech\u00adno\u00adlogy enables ultra-fast char\u00adging using the exis\u00adting power-limi\u00adted grid.<\/p>\n
As part of the tran\u00adsac\u00adtion, the Special-Purpose Acqui\u00adsi\u00adtion Company (SPAC) secu\u00adred addi\u00adtio\u00adnal fully under\u00adwrit\u00adten private invest\u00adment in public equity (PIPE) funds of USD 156 million through seve\u00adral leading ESG and blue chip inves\u00adtors, inclu\u00adding Invesco, APG, Swed\u00adbank Robur, Bosch <\/strong>and Polar Struc\u00adture<\/strong>.<\/p>\n Florian Hirsch\u00admann<\/strong>, who led Reed Smit\u00adh\u2019s German team, said, \u201cI am plea\u00adsed to have advi\u00adsed EUSG on one of the first successful SPAC tran\u00adsac\u00adtions in Germany. The merger in this inno\u00adva\u00adtive field will enable the rapid expan\u00adsion and scaling of ADS-TEC\u2019s energy plat\u00adforms in the Euro\u00adpean and US markets.\u201d<\/p>\n Reed Smith advi\u00adsed EUSG with a multi\u00adna\u00adtio\u00adnal team led by part\u00adner Ari Edel\u00adman (Capi\u00adtal Markets, New York) and part\u00adner Florian Hirsch\u00admann toge\u00adther with coun\u00adsel Silvio McMi\u00adken (both Corporate\/ Private Equity, Munich).<\/p>\n Further advi\u00adsed on this transaction: Munich\/ New York \u2014 Euro\u00adpean Sustainable Growth Acqui\u00adsi\u00adtion Corp. (EUSG) has acqui\u00adred ADS-TEC Energy GmbH, a leading German manu\u00adfac\u00adtu\u00adrer of battery char\u00adging plat\u00adforms. The company opera\u00adtes under the name ADS-TEC Energy and will be listed on the US Nasdaq with an expec\u00adted market capi\u00adta\u00adliza\u00adtion of appro\u00adxi\u00adm\u00adately USD 580 million. \u2014 Global law firm Reed Smith [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":38010,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1367,1368,1369,1371,1372,1374,1388],"tags":[],"class_list":["post-40298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-deals-en","category-consultant","category-people-en","category-shortcuts-en"],"yoast_head":"\n
\n\u2014 Tobias Schulz (Asso\u00adciate, Corporate\/Private Equity, Munich)
\n\u2014 Caro\u00adline Walz (Asso\u00adciate, Corpo\u00adrate, Munich)
\n\u2014 Siling Zhong-Ganga (Para\u00adle\u00adgal, Corporate\/Private Equity, Munich)
\n\u2014 Lyn Rein\u00adhardt (Part\u00adner, Corpo\u00adrate, Dallas)
\n\u2014 Michael P. Lee (Part\u00adner, Corpo\u00adrate, New York)
\n\u2014 Ron Scharn\u00adberg (Part\u00adner, Corpo\u00adrate, Houston)
\n\u2014 John Ngo (Coun\u00adsel, Corpo\u00adrate, New York)
\n\u2014 Lauren John (Asso\u00adciate, Corpo\u00adrate, Pittsburgh)
\n\u2014 Russell Schnei\u00adder, Ari Byk (both Asso\u00adciate, Corpo\u00adrate, New York)
\n\u2014 Luke Barbour (Asso\u00adciate, Corpo\u00adrate, Pittsburgh)
\n\u2014 Katie Geddes (Asso\u00adciate, Corpo\u00adrate, Dallas)
\n\u2014 Caro\u00adline Sandy (Asso\u00adciate, Corpo\u00adrate, Dallas)
\n\u2014 Dr. Martin B\u00fcnning (Part\u00adner, Tax Law, Frankfurt)
\n\u2014 Dr. Simon Grie\u00adser (Part\u00adner, Banking & Finance, Frankfurt)
\n\u2014 Dr. Anselm Reinerts\u00adho\u00adfer (Asso\u00adciate, Banking & Finance, Munich)
\n\u2014 Carina Park (Asso\u00adciate, Tax Law, Frankfurt)
\n\u2014 Dr. Andreas Splitt\u00adger\u00adber (Part\u00adner, IT\/Data Protec\u00adtion, Munich)
\n\u2014 Dr. Michaela Westrup (Coun\u00adsel, Antitrust\/Competition, Munich)
\n\u2014 Dr. Anette G\u00e4rt\u00adner, Dr. Alex\u00adan\u00adder Klett (both part\u00adners, IP, Frank\u00adfurt and Munich)
\n\u2014 Dr. Chris\u00adtoph Mikyska (Asso\u00adciate, IP, Munich)
\n\u2014 Dr. Phil\u00adipp S\u00fcss, Dr. Thomas Fischl (both Part\u00adners, Enter\u00adtain\u00adment & Media, Munich)
\n\u2014 Dr. Etienne Richt\u00adham\u00admer (Part\u00adner, Real Estate, Munich)
\n\u2014 Frede\u00adrik Laux, Sebas\u00adtian Bitter (both Asso\u00adciate, Real Estate, Munich)
\n\u2014 Ulrike Bischof, Vincent Magotsch (both Asso\u00adciate, Labor Law, Munich)<\/p>\n","protected":false},"excerpt":{"rendered":"