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Kekst CNC is handling Riverstone Holdings as it arranges a deal to take Solid Power Inc. public via a SPAC deal valued at $1.2B.
Solid Power’s all-solid-state batteries can provide about a 500-mile vehicle range on a single charge, which is 50 to 75 percent greater than any commercially available lithium-ion batteries.
The company has partnerships with Ford and BMW, which plan to integrate its batteries in future electric vehicles.
“No other known company has made the type of commercialization achievements in all-solid-state batteries that Solid Power has, and its technology is built around a manufacturing process that would be indistinguishable to lithium-ion batteries, putting it in a league of its own,” said Robert Tichio, Riverstone partner.”
Doug Campbell, CEO of Solid Power, said the SPAC transaction “marks an important milestone of commercializing Solid Power's next generation of all-solid-state batteries.”
Kekst CNC’s Daniel Yunger and Jon Morgan working the SPAC.
Publicis Group owns Kekst CNC.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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