TPG Pace Beneficial Finance and EVBox Group Mutually Agree to Terminate Business Combination Agreement – Yahoo Finance
Check back for results at 8:30 a.m. ET
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 B.V. ("EVBox Group"), today announced that TPG Pace, Edison Holdco B.V., New TPG Pace Beneficial Finance Corp., ENGIE New Business S.A.S. ("Engie Seller") and EVBox Group have mutually agreed to terminate their previously announced business combination agreement, effective immediately.
TPG Pace intends to continue to pursue the consummation of a business combination with an appropriate target. With the agreement terminated, TPG Pace, Engie Seller and EVBox Group may (but are not required to) continue to discuss a potential business combination transaction involving TPG Pace and EVBox Group.
About TPG
TPG is a leading global alternative asset firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions. TPG aims to build dynamic products and options for its clients while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. 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 highly flexible investor base, allowing it to seek compelling opportunities that will thrive in the public markets. TPG Pace Group has sponsored seven special purpose acquisition companies ("SPACs") and raised more than $4.4 billion since 2015.
TPG Pace raised $350 million in its October 2020 IPO in order to seek a business combination target that combines attractive business fundamentals with, or with the potential for strong environmental, social and governance ("ESG") principles and practices. For more information, visit https://www.tpg.com/pace-beneficial-finance.
About EVBox Group
Founded in 2010, EVBox Group is a leading global provider of EV charging technologies, empowering forward-thinking businesses to drive sustainable mobility, by offering integrated, flexible and scalable EV charging solutions. For more information, visit evbox.com. For media questions, please reach out to press@evbox.com.
Forward Looking Statements
The information included herein and in any oral statements made in connection herewith include "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 herein, are forward looking statements. When used herein, including any oral statements made in connection herewith, the words "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," the negative of such terms and 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 about future events and are based on currently available information as to the outcome and timing of future events. Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact 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 SEC filings are available publicly on the SEC’s website at http://www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211229005343/en/
Contacts
TPG/TPG Pace:
Luke Barrett
(415) 743-1550
media@tpg.com
Tom Johnson/Sheila Ennis
Abernathy MacGregor
(917) 747-6990/(510) 604-8027
tbj@abmac.com/sbe@abmac.com
EVBox Group:
Madeline Vidak
madeline.vidak@evbox.com
+31 (0)6 30 71 06 93
General: press@evbox.com
Wood believes we're still in a strong bull market. Take advantage.
The year is winding down, and it’s time for Wall Street’s analysts to flag their top picks for the coming year. It’s a time-honored tradition, in most walks of life, to take a sometimes tongue-in-cheek look at what lies ahead, and to start giving advice on the say-so of a metaphorical crystal ball. Analysts have been analyzing each stock carefully, looking at its past and current performance, its trends on a variety of time frames, management’s plans – the analysts take everything into account.
More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, PayPal and Disney.
Buffett is taking profits off the table. It might be time to do the opposite.
Losing money in the S&P 500 is never fun. But it stings all the more when everyone else is making tons on their stocks.
In less than 48 hours, we'll be ringing in the new year. However, Wall Street might be sad to the see the page turn. After all, the benchmark S&P 500 has more than doubled up its average annual total return of 11% since the beginning of 1980, through this past weekend.
History and multiple data points suggest that a stock market crash or a steep correction could be on the horizon. If you're an investor who grimaces at the thought of market volatility, buying safe stocks is a good way to ensure you'll sleep well at night. First up is electric utility stock NextEra Energy (NYSE: NEE).
Get aboard the Tesla stock train, argues Dan Ives at Wedbush.
If history is our guide, the best thing an investor can do with his cash is to buy dividend stocks. Numerous studies prove that over long periods of time, dividend stocks perform better than non-paying stocks by a wide margin. Several years ago, J.P. Morgan Asset Management found that stocks that initiated and then raised their payouts over a 40-year period between 1972 and 2012 returned an average of 9.5% annually, vs. just 1.6% non-dividend-paying stocks.
These stocks are trading near their 52-week lows but have tremendous long-term growth opportunities.
Pfizer Inc.'s ( NYSE:PFE ) dividend will be increasing to US$0.40 on 4th of March. The announced payment will take the…
As concerns around inflation linger, some investors may adjust portfolios away from growth stocks in 2022.
Let’s talk about penny stocks. These are equities that trade for less than $5 per share, the very bottom of the price range. While they are priced that low for a reason – and the reasons may vary – low price in itself doesn’t mean that the stock’s fundamentals are sour. Smart investors can find some true bargains among the penny stocks, and set themselves up for outsized gains. The opportunity is linked to a simple question: Why is the company’s stock priced so low? If the answer is mainly benig
If you feel like inflation is outpacing the cost-of-living adjustment (COLA) planned for everyone's Social Security checks beginning in January, you're not being unreasonable. It's a fact of life that too many must-have things rose in price more than the 5.9% COLA increase scheduled for 2022. The good news is, having a stake in the right dividend stocks can help many investors more than offset this likely shortfall.
What happened Shares of Ocugen (NASDAQ: OCGN) were falling 5.1% as of 12:03 p.m. ET on Wednesday. The company hasn't made any announcements this week. Its stock appears to simply be continuing a slide that began in early November.
The rally in Victoria's Secret may just be getting started, contends JP Morgan retail analyst Matt Boss.
It’s been a turbulent year for stock markets – record levels across all major indexes despite an onslaught of economic worries and what feels like never-ending variants of Covid-19. Now it’s time to look ahead to 10 major technology trends and which companies show the most promise to win big in 2022. Amazon (AMZN) has enjoyed the leadership position in Cloud for some time, and its AWS business now tops $16 billion in revenue a quarter.
The worst-performing Dow Jones stocks this year include Walt Disney, Verizon, Merck, Boeing and Honeywell. Disney stock and Verizon saw double-digit percentage losses while the overall Dow Jones stock index finished up 19% for the year.
Samsung says a report from a South Korean newspaper that it wants to buy Biogen for as much as $42 billion was groundless.
Passive income is a powerful wealth-building tool and something that investors should keep in mind as they begin 2022. Well-managed dividend stocks can provide that passive income year in and year out. The best of the best have earned the title of Dividend Kings, a select group of 31 companies that have been managed to increase their dividend payouts annually for at least 50 consecutive years.
