Skip to main content

How can we help you?

  • Deal or case news
  • 29-07-2021

On 28 July, Allego announced its $3.14 billion business combination with Apollo-Affiliated Spartan Acquisition Corp. III (NYSE: SPAQ). The transaction will raise a total of $702 million (assuming no redemptions), including $150 million from a fully committed PIPE. The PIPE is anchored by institutional investors, including Hedosophia and funds and accounts managed by ECP as well as strategic partners, including Fisker and Landis+Gyr. Funds managed by affiliates of Apollo Global Management, Inc., as sponsor behind Spartan Acquisition Corp. III, and Meridiam, as long-term owner of Allego, also participated in the PIPE. The transaction will be used, among other things, to fund the combined company’s expansion plans.

The combined company will become a Dutch N.V. listed on NYSE under the symbol “ALLG". Allego, a leading Pan-European EV charging company, has over 26,000 public EV charging ports across 12,000 public and private locations in 12 European countries, with leading utilization rates and a substantial recurring user base, as well as a secured backlog of 500 premium sites providing near-term visibility on network development. The pro forma implied equity value of the combined company is $3.14 billion. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

NautaDutilh advised Allego alongside Weil, Gotshal & Manges LLP. The core deal team was led by NautaDutilh advised Allego alongside Weil, Gotshal & Manges LLP. The core deal team was led by Gaike Dalenoord and Paul van der Bijl and included Jules van de Winckel, Sanne Mesu, Dirk Panis, Marc Orval, Nina Kielman, Ashley Beesemer and Peter Vogels.

Press coverage:

Cookie notice

Our website only uses cookies when you play video content. Video content is streamed from Vimeo. Our website does not use tracking cookies and/or third party cookies when you do not play video content. Please read the privacy/cookie policy for more information.