Potter Anderson Advises on First de-SPAC Business Combination Led by Publicly-Traded U.S. Company

July 13, 2021
Firm News

Altus Power, Inc., a market-leading clean electrification company, and CBRE Acquisition Holdings, Inc. announced a definitive agreement for a business combination that would result in Altus Power becoming a public company listed on the New York Stock Exchange. CBAH is a special-purpose acquisition company sponsored by CBRE Group, Inc., the world’s largest commercial real estate services firm. The deal will be the first de-SPAC business combination led by a publicly-traded U.S. company.

Michael Tumas, Roxanne Houtman and Zack Woerner served as legal counsel to a special committee of the CBAH board.

News of the deal was reported by the Wall Street Journal, TheStreet, Reuters and numerous other business publications.

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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.

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