Gores Guggenheim and Polestar Complete Business Combination

Sonder Holdings Acquires Gores Metropoulos II via Business Combination

January 18, 2022

Healthcare Services

Sonder Holdings Inc. completed its previously announced business combination with Gores Metropoulos II, Inc., a SPAC sponsored by affiliates of The Gores Group and Metropoulos & Co. Following closing, Sonder became a public company, with its common stock trading on Nasdaq under ticker “SOND.”

Gores Holdings III Completes Acquisition of PAE; Combined Company Renamed PAE Incorporated

November 1, 2019

Government & Public Sector

Gores Holdings III, a SPAC sponsored by The Gores Group, completed its acquisition of Platinum Equity portfolio company PAE and the combined company was renamed PAE Incorporated and began trading on Nasdaq under PAE and PAEWW. The transaction valued PAE at an approximate $1.55 billion enterprise value and was funded with Gores Holdings III trust cash plus a $220 million private placement led by Alec Gores, with Platinum Equity affiliates retaining a meaningful stake in the new public company.

Allego N.V. Goes Public via Business Combination with Spartan Acquisition Corp. III

March 17, 2022

Energy

Allego N.V., a pan‑European electric vehicle charging network, completed a business combination with Spartan Acquisition Corp. III and began trading on the NYSE under the ticker ALLG following a transaction that provided approximately $161 million of gross proceeds (including a PIPE). Strategic partners including Fisker and Landis+Gyr and institutional investors (including funds managed by Apollo affiliates and ECP) participated in the PIPE; Meridiam rolled 100% of its equity and will remain the majority owner to support Allego's continued European expansion.

e.GO Mobile SE to Combine with Athena Consumer Acquisition Corp. in $285M Business Combination

July 28, 2022

Automotive

Next.e.GO Mobile SE (e.GO) announced a definitive business combination with Athena Consumer Acquisition Corp. (Athena), expected to result in e.GO becoming a publicly listed company on the New York Stock Exchange. The transaction is expected to raise gross proceeds of up to approximately $285 million (including SPAC trust and intended debt financing), with proceeds intended to fund production ramp-up and MicroFactory expansion.

Complete Solaria to Go Public via Business Combination with Freedom Acquisition I Corp

October 3, 2022

Cloud & SaaS

Complete Solaria entered into a definitive business combination agreement with Freedom Acquisition I Corp. to list on the NYSE under the ticker “CSLR,” expected to close in the first half of 2023. The transaction provides gross proceeds of up to approximately $376 million and is positioned to scale Complete Solaria’s U.S. residential solar model through end-to-end technology, financing, and service.

Cepton Technologies Completes Business Combination with Growth Capital Acquisition Corp.

February 10, 2022

Automotive

Cepton Technologies and Growth Capital Acquisition Corp. completed their previously announced business combination, with the combined company renamed Cepton, Inc. The deal takes Cepton public (Nasdaq: CPTN / CPTNW) to provide capital and support scaling of its lidar solutions for automotive ADAS, smart cities and industrial applications.