A cross border Asia and US Goodwin team advised Catcha Investment Corp (NYSE American: CHAA), a publicly traded special purpose acquisition company, in its definitive agreement with Crown LNG Holdings AS (“Crown”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, for a business combination that would result in Crown becoming a U.S. publicly listed company.
The combined company, which will have a pro forma implied enterprise value of approximately US$685 million, intends to apply to list its shares on the New York Stock Exchange. The transaction is expected to be completed during the fourth quarter of 2023.
Crown LNG Holdings AS is a leading provider of offshore LNG liquefaction and regasification terminal technologies for harsh weather locations, targeting a significant addressable market for gravity-based structure liquefaction and regasification plants, as well as associated green hydrogen, ammonia and power projects.
Cacha Investment Corp is a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Catcha is sponsored by Catcha Group, one of the earliest and most established new economy-focused investment groups in Southeast Asia and Australia.
The Goodwin team was led by Hong Kong partners Daniel Dusek, Douglas Freeman and Victor Chen (Private Equity); Boston partner Jocelyn Arel and New York partner Jeffrey Letalien (Capital Markets/SPACs) and Boston partner Daniel Karelitz (Tax).
For additional information on the announcement, please read the press release.
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