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

July 13, 2021

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.