Skip to content

EVBox Group to Become Public Company via Business Combination with TPG Pace Beneficial Finance

EVBox Group to Become Public Company via Business Combination with TPG Pace Beneficial Finance - Hero

Vinson & Elkins advised TPG Pace Beneficial Finance Corp. (“TPG Pace”), a publicly traded special purpose acquisition company formed by TPG that is focused on high-growth companies with strong environmental, social and governance principles, in connection with a definitive agreement with ENGIE New Business S.A.S., a wholly owned subsidiary of ENGIE S.A., a multi-national utility with headquarters in France, to acquire its subsidiary EV Charged B.V. (“EVBox”) for a combination of cash and equity.

EVBox is a leading global provider of smart charging solutions for electric vehicles with Europe’s largest installed base of charging solutions and the most advanced cloud-based software offering.

The business combination values EVBox at an implied $969 million enterprise value. Upon transaction closing, and assuming no redemptions by TPG Pace stockholders, EVBox is expected to have approximately $425 million in cash, and a total pro-forma equity value of approximately $1.394 billion.

The V&E corporate team was led by partners Keith Fullenweider, Sarah Morgan and Paul Dunbar and senior associates Robert Hughes and Jackson O’Maley, with assistance from associates David Lassetter, Simmy Sanghera, Billy Vranish, Tara Tegeleci, Arabella Robinson, Lawrence Nelson, Brandon Brunet and Edward Wilson. Also advising were partners John Lynch and Lina Dimachkieh and associate Curt Wimberly; partner David D’Alessandro and senior associate Melissa Spohn; counsel Martin Luff; partners Damara Chambers and Fry Wernick and senior associate Brian Howard; counsel Sarah Mitchell; partner Devika Kornbacher, senior associate Ben Cukerbaum and associate Sean Belding; and partner Randy Jurgensmeyer, senior associate Jared Knight and associate Joe O’Connell.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

For more information, please speak with our media contacts.