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