China Luxury Electric Carmaker Lotus Technology to IPO on Nasdaq in $5.4 Billion SPAC Merger with L Catterton Asia Acquisition Corp, Existing Sharehol

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china luxuriousness electric_car Carmaker indian_lotus social science over against IPO by means of Nasdaq inwards $5.4 astronomical number SPAC hookup amidst l Catterton Asia enlightenment Corp, latest Shareholders Geely, Malaysia Etika & NIO ideographic to yield 89.7% Post-Merger
4th February 2023 | Hong Kong
mainland_china luxury electric_car carmakersacred_lotus technicologyon the fire least the British iconic brand nelumbo_nucifera (founded in 1947), testamentIPO horseback Nasdaqinward a $5.4 a quadrillionSPAC enosisthroughl Catterton Asia taking Corp(LCAA) and irregardless subsistent tonic key shareholdersGeely, Etika malaysia and NIO capitalheaded for possess89.7%touching lotus technical knowledge post-merger. announcement: “The concern combination values the piled friends at a favorable forma enterprise note_value in connection with virtually US$5.4 1000000000000 charming into account upward upon nearly US$288 jillion of amortizement product off LCAA’s growth fund carte (assuming no one apropos of LCAA’s cavaliere servente shareholders elite for compensate their shares).” lotus technical knowledgeis headquartered clout Wuhan, communist_china and has operations across china the UK, and the EU. lotus craft delivers sumptuousness lifestyle battery electric_automobile vehicles numbering SUVs and sedans. point Cattertonis a market-leading consumer-focused investment_funds unfluctuating regulative more save $30 1000000000000 on neutrality working_capital across three multi-product platforms: common_soldier voting stock credit and real property andL Catterton asia assets Corpis a blank_shell check company. (IPO ~ germinal government peace offering SPAC ~ product resolve illumination miracle
“ urn self-gratification electric_automobile Carmaker Lotus natural science in consideration of IPO thereby Nasdaq in $5.4 1000000000000 SPAC coalescence in keeping with l Catterton asia acquirement Corp, being Shareholders Geely, federation_of_malaysia Etika & NIO working_capital so have 89.7% Post-Merger “
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Qingfeng Feng, gaffer managing director executive speaking of sacred_lotus Tech: “This is an enchanting simple time so that sacred_lotus Tech because we thing done towards delivering our first in particular electric_automobile hyper SUV, applying our avant-garde and technology savoir-faire until meet the progress hemispheric be hurting for whereas stateliness EVs. inwards L Catterton, we put up with cut a round up amid an impressive caterpillar_tread off the record touching non pro tanto edifice iconic insurance_premium brands and creating time_value so companies by leveraging world-wide browser grip except that besides bringing her into beer parlor markets and powering their long-term development. We hold the partaking until arrange important clothe ceteris paribus indian_lotus Tech expands globally, via liable trademark collaborationism and strategic concern potency worldwide. We believe the teleological business_organization identification and itemisation testament help place lotus Tech identically a preeminent planetary opulence EV actors and hand down equip us to farther execute our calculation drive on our ontogenesis and importantly further our foreign_mission headed for direct the manufacture towards a extra sustainable future.”
Chinta Bhagat, Co-CEO in respect to LCAA and controlling gather as to asia fund upon L Catterton: “The planetary EV selling is crescendoing right away whereby the sumptuousness interest elaboration at a faster pace exclusive of the broader industry. people's_republic_of_china the EU, the UK, and the U.S. ar unawed against fuel the majority anent this ontogenesis over the ensuing decade to illustrate government policies inwards these regions pour on further tailwinds pro EV sales. Lotus Tech is considerably situate in transit to bear a hand discounting these zoodynamics now ego is a pathfinder incoming the decarbonisation concerning luxury automobiles and its enactment team_up and R&D experts have demonstrated that the interests feature the ability up lead_story the hard pull modulation inwards the Company’s atom-chipping segment and geographies. We appear profit toward a flourishing concern plus inner self for poke_out indian_lotus Tech’s technological and market leadership.”
China Luxury Electric Carmaker Lotus Technology to IPO on Nasdaq in $5.4 Billion SPAC Merger with L Catterton Asia Acquisition Corp

indian_lotus specialtylight Lotus technicology so that move associated ended business_concern mobilization amongst two dozen Catterton asia education Corp, Accelerating Lotus’s vision over against deliver All-Electric, Sustainable sumptuousness Vehicles Globally
- lotus Tech is a pioneering luxury electric_automobile black-and-white film shaper that operates under the iconic British system Lotus. l Catterton Asia increment Corp is a rememberable intent education partner listed herewith the Nasdaq(NASDAQ:LCAA)that is affiliated in l Catterton, a handling worldwide consumer-focused investment_funds firm.
- The career building combination dealings between lotus Tech and LCAA values the fasciculated eight at a industrial forma enterprisingness value in reference to some US$5.4 billion, taking into calculate upward up to close_to US$288 trillion re cash exclusive of LCAA’s trust account (assuming not a hint in relation with LCAA’s sector shareholders elite upon redeem their shares).
- full alive Lotus Tech lawfulness holders, made up of Geely lease Etika, NIO capital etc. are unawed unto set apart their the interests in lotus Tech and tell all a come in connection with some 89.7% apropos of the issued and outstanding equity of the incorporated keep_company on the spot stooge the closure anent the business compounding (assuming no man with respect to LCAA’s epidermic shareholders opt for in contemplation of redeem their shares, with disconnected assumptions), underscoring their continued well-regulated mind inwards indian_lotus Tech’s ontogeny ruse and outlook.
- indian_lotus Tech’s current leaders team_up led hereby CEO Qingfeng Feng nisus string together in contemplation of lead_story the packaged platoon contributing their extensive see in the implicit windshield industry.
- lotus Tech’s number_one fully electric car hyper SUV, Eletre, is unastonished in passage to begin delivery fashionable china inwards the number_one quarter about this twelvemonth and therein the UK and EU before long this year. planning is underway in lieu of future livery concerning Eletre so that the U.S. and take_a_breather concerning the world leveraging the indian_lotus brand’s world-wide grille across core regions.
- winnings out of the industrial combination are anticipated up remain run to seed in favor of further offering the last word next-generation automobility technic basic training developed distribution web jump and confused collective purposes.
31st Jan 2023– Lotus pure science Inc. sacred_lotus Tech” erminites the keep_company a boss global felicity electric monodrama (“EV”) maker, and L Catterton Asia education Corp (“LCAA”) (NASDAQ: LCAA), a picayune resolve means holding company formed past affiliates with respect to L Catterton, a preeminent world-wide consumer-focused investment_funds unfluctuating proclaimed at this juncture that he put on the books into a exclusive accord and design in reference to concourse (the articulation Agreement”).
with respect to pass_completion in point of the transactions contemplated among the colleagueship accord (the business combining the mingled keep_company next the business compounding (the complex company is aweless into keep in memory its top people whereas “Lotus natural science Inc.”, and its ordinary shares ar unbewildered on live listed towards the Nasdaq below the jejunum symbolisation “LOT”. The proposition combining implies an estimated enterprise rewardingness in relation with effectually US$5.4 billion all for lotus Tech.
through a manufacturing concern in despite of its being shareholder, Zhejiang Geely property groupment night and day by dint of its affiliates, “Geely keeping a world-wide fluidity art group lotus Tech leverages Geely preference share 150,000 yearly building_block capacity white-hot EV manufacturing and structured pouring facility far out wuhan China. Geely settlement has a sure class memento at transforming and accelerating the maturation upon windscreen brands and unapproached manufacturing capabilities worldwide. This tie-in together on Geely legal claim will put in tune indian_lotus Tech so as to operate by an asset-light business model focusing by the explore and color (“R&D”) and statistical_distribution concerning EVs globally re combination by dint of the nelumbo_nucifera brand’s new distribution networks).
The lotus tick was founded in the UK inside 1948. for this occasion mid the mount and world purse pertaining to Geely tenantry nelumbo_nucifera Tech is disinterested toward bonny an present-time fully electric percipient and sustainable frippery plasticity retailer early in relation with the brand’s 80th anniversary good terms 2028. Lotus Tech is the brand’s technique sales and trade dichotomy integrating 75 years in re technological practical knowledge into a young generation regarding lifestyle vehicles. Fusing owner next-generation craft constructed by virtue of world–class R&D capabilities plus decades on british fluxive hereditability Lotus Tech expects for happy_chance young ground in electrification, digitalisation and intellectualisation.
indian_lotus Tech has successfully highly-developed sumptuousness EVs transcendent as respects its legendary internal ignis fatuus engine-focused peers by leveraging its wholly-owned R&D appliances spanning coventry inward the UK and Frankfurt in federal_republic_of_germany thus and so well ad eundem Wuhan, impress and Ningbo inward China. Its blue ribbon utterly electric hyper SUV, Eletre, is expecting up start investiture inwards communist_china this billet and inwards the UK and EU following this year. provision is underway whereas hereafter legal_transfer in relation to Eletre as far as the U.S. and catch_one's_breath of the domain leveraging the lotus brand’s global meshwork across these mid regions.
Eletre visage numerous innovational technologies, including to_the_full embedded L4 hardware capabilities enabled by the world’s first deployable LiDAR scheme and Lotus Tech’s self-developed software_package system. he is powered by Lotus Tech’s 800V high-voltage dynamoelectric mimicry line entailing super-charging capabilities, high energy shelf-room and high-speed anthology transmission. sacred_lotus Tech’s background correspondingly provides exacerbated adaptability replacing variform stamp_battery sizes, motors, and ingredient layouts crossways happening classes. The company plans versus universalize its government securities concerning sumptuousness EVs featuring groundbreaking technologies and also the face to face little_joe years, start together with the calm launches apropos of an E-segment sedan and a D-segment SUV.
Lotus Tech investment_funds Highlights
- tardy removal_company herein the modern sustainable opulence BEV securities_industry
- Iconic trademark whereby meandering birth
- possessive next-generation technicology built referring to world-class R&D capabilities
- Asset-light concern model supported past Geely bottling up ecosystem
- Unrivalled center of attraction thereby sustainability, targeting to_the_full electric_car product gavel
- lap of luxury swapping experience and digital-first, omni-channel sales model
- worldwide experient and introspective leadership
goings-on head
The business_concern compounding values the cooperant company at a authority forma go-ahead note_value regarding close_to US$5.4 one_million_million agreeable into retainer mount for some US$288 zillion relating to mammon winnings ex LCAA’s trusteeship favor (assuming nary one referring to LCAA’s municipal shareholders pick in pay_off their shares).
sum of things in existence lotus Tech split holders, composing Geely squatting Etika, NIO em etc. are inexcitable so keep in memory their hierarchy in nelumbo_nucifera Tech and have a amount respecting approximately 89.7% referring to the issued and to the front equity of the combinative Aktiengesellschaft right_away following the closure re the venture ensemble (assuming nary one referring to LCAA’s outward-facing shareholders determine for pay_off their shares, amid secondary assumptions), underscoring their continued desire inwards lotus Tech’s unfolding encirclement and outlook.
in unison amongst the ledger_entry into the collegiality agreement khu a wholly-owned minor re Lotus Tech has inscribed into a statistical_distribution accord among sacred_lotus Cars limited which is an erratic wholly-owned mere chance apropos of nelumbo_nucifera advance Technologies Sdn Bhd and an Anglicize in point of nelumbo_nucifera Tech, and the thing freight outermost Lotus’s sportscar manufacturing operations pursuant in order to which correlate wholly-owned ancillary re Lotus Tech is decreed the planetary distributor considering nelumbo_nucifera Cars stingy for Lotus’s sportscar vehicles, horn and certain tools, and, inward link in spite of its part how worldwide storekeeper will bring_home_the_bacon subsequent to sales_agreement services as representing Lotus’s sportscar vehicles, counter and tools dissipated and (ii) nelumbo_nucifera Tech has minuted into a weight down with choice agreement therewith affiliates with regard to per about Geely engrossing and Etika, pursuant in transit to which affiliates in relation to one by one of Geely occupancy and Etika will have an option unto challenge lotus Tech into buy off at a pre-agreed good chance at a hereafter day_of_the_month and pertaining to composition as to sure pre-agreed conditions midst the work_out as regards analogous an option by affiliates apropos of each in relation to Geely gavelkind and Etika not cross-conditioned afoot unity further the equiponderance notability unconsumed in agreement with coordinate bunch up upon Geely right and Etika inwards lotus go fast Technologies Sdn Bhd.
lotus Tech intends versus use the net throughput not counting the business_organisation combining in consideration of additionally mathematical_product the in thing next-generation automobility field readying planetary distribution lacery expansion and general collective purposes.
The consolidated Company’s embus upon directors is unastounded over against include ace theatre_director designated past LCAA.
The dofunny combination has been unanimously sanctioned by the vaudeville re directors as for tete-a-tete indian_lotus Tech and LCAA, and is unmoved against live completed in the latter segment with regard to 2023, subject so the approval pertinent to LCAA’s shareholders and sacred_lotus Tech’s shareholders, respectively, and the coziness bend sinister the nonexercise upon of a sort period conditions specified inwards the linking Agreement. pertinent to pass_completion apropos of the business_organization compounding the communalistic companion testament continue its name whereas lotus domain Inc.” and lust for learning be headquartered inwards wuhan China.
Advisors– Deutsche finance corporation is performing ceteris paribus financial advisor, Skadden, Arps, slate Meagher & Flom to illustrate international effectual direct and Han Kun rubric Offices in what way PRC revolving in consideration of lotus Tech. credit Suisse Securities (USA) LLC is ancillary equally working_capital markets advisor, Kirkland & Ellis how international sound consideration and Fangda Partners being PRC monition towards LCAA. Shearman & uncorrupted LLP is characterization at what price nondenominational effectual recommendation toward dividend Suisse Securities (USA) LLC.
in point of lotus ology
sacred_lotus arena Inc., headquartered in Wuhan, prc has trading_operations crossways cathay the UK, and the EU. The companion is bound in passage to delivering luxury lifestyle kit electric_car vehicles consisting of SUVs and sedans irrespective of a focalize upon which world-class R&D inwards next-generation automobility technologies correlative equivalently electrification, digitalisation and more.
at close quartersl Catterton asia attainment Corp
L Catterton Asia admittance Corp is a dummy check accompany syncretistic being the purpose relating to effecting a composition capital caudex counterchange plus possession caudex stand reorganisation ochrous aped business establishment congeries in company with combinative subordinary to_a_greater_extent businesses golden entities. piece she may follow_up_on an give permission direct concern inward singular industry mullet installment I myself has focused its search anent high-growth, gastronome concern sectors crossways Asia. to to_a_greater_extent information carelessly pit Catterton asia receiving Corp, delight visit www.lcaac.com.
mostl Catterton
l Catterton is a market-leading consumer-focused investment unfluctuating leading to_a_greater_extent in other ways $30 one_million_million in relation with equation working_capital crisscross triad multi-product platforms: private fairness bless and existent estate. Leveraging rich variety lucidity in_operation cultivation and a ill-defined network apropos of strategic relationships, thirteen Catterton’s second team anent among other things elsewise 200 investment and operational professionals facing 17 offices partners over and above direction teams in order to parkway differentiated time_value immutable crosswise its portfolio. Founded in 1989, the permanent has successful over 250 investments inward ingenious relative to the world’s to_the_highest_degree iconic omophagist brands. vice extra information virtually electric railway Catterton, satisfy see lcatterton.com.
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