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Spartan Acquisition Corp. III

Company Summary

Description

Spartan Acquisition Corp. III was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. The Company intends to focus its search for a target business in the energy value chain in North America, with a particular focus on opportunities aligned with energy transition and sustainability themes. The Company is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO).

Related Entities

Recent news

  • 3/16/2022 - Spartan and Allego... (subscriber access)
  • 3/9/2022 - Spartan and Allego Will... (subscriber access)
  • 7/28/2021 - Allego Holding, an EV... (subscriber access)
  • 2/8/2021 - Spartan Acquisition Corp... (subscriber access)

Company Transactions

Date: 7/29/2021
Type: Merger

BUYERS:
  • Spartan Acquisition Corp. III
  • Allego Holding B.V.
    • DETAILS:
    NOTES:
    Allego Holding, which runs a "leading pan-European electric vehicle charging network" has agreed to combine with Spartan Acquisition Corp. III, which would allow them to begin trading publicly on the NYSE. The deal values Allego at $3.14 billion and total gross proceeds of $702 million will fund the growth of their EV charging systems. That will be paid in the form of a fully committed common stock PIPE offering of $150MM at $10/share, and $552 million in cash held in trust. Notably, EV designer Fisker will make a $10 million private investment into the PIPE.
    REGIONS:
  • Europe