Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination
02/20/24, 1:11 PM
Location
greenwichIndustry
consumer goods
professional services
electric vehicle
automotive
manufacturing
Lotus Technology Inc., a leading global luxury electric vehicle maker, has completed a business combination with L Catterton Asia Acquisition Corp. The combined company will retain Lotus Tech's name as "Lotus Technology Inc." and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol "LOT" on February 23, 2024. With this merger, Lotus Tech is looking forward to accelerating its growth as a listed company and leading the electric transformation of the global luxury BEV market.
Company Info
Location
Greenwich, Connecticut, United States
Company info
With more than $30 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. Leveraging deep category insight, operational excellence, and a broad strategic network of relationships, L Catterton's team of nearly 200 investment and operating professionals support management teams around the world in building strong, category-leading brands. Since 1989, the firm has made approximately 250 investments in consumer businesses. For more information about L Catterton, please visit lcatterton.com.