PARIS & ARNHEM, Netherlands & NEW YORK–(BUSINESS WIRE)–February 1, 2022–
Allego Holding BV (“Allego” or the “Company”), a leading pan-European electric vehicle (“EV”) charging network, which has announced its proposed business combination with Spartan Acquisition Corp. III (NYSE: SPAQ), announced today had hired Manish A. Somaiya as Group Head of Investor Relations and Capital Markets, effective January 10, 2022.
“I am delighted to welcome Manish to the Allego team,” said Mathieu Bonnet, CEO of Allego. “He brings tremendous expertise and leadership given his excellent track record of building trusting relationships with investors, analysts and the financial community throughout his career. We believe Manish will help us build relationships with investors and a world-class capital markets function, as we capitalize on our strong leadership position as Europe’s leading electric vehicle charging network and execute our go-to-market strategy to drive long-term shareholder value.
“I am delighted to join Allego, with its technological lead as a European market leader in fast and ultra-fast electric vehicle charging, with an established operating history and significant tailwinds in the industry,” Somaiya said. “I look forward to creating a leading platform for a transparent and proactive communication strategy with all stakeholders by partnering with relevant professionals across the organization.”
Ton Louwers, Allego’s Chief Financial Officer, to whom Somaiya will report, said, “I am delighted to have Manish on board at a pivotal time for the business and I look forward to working collaboratively to optimize opportunities for growth with the combined finance and business development teams and maintaining access to capital providers.
As a managing director at Citigroup Global Markets, Bank of America Securities and a senior executive at JP Morgan Securities, Somaiya brings over 20 years of experience in investment research and capital markets. At Citi, Somaiya was a principal liaison for institutional clients and led multi-asset research partnerships while maintaining award-winning industry coverage. He has recently worked with growing companies on capital raising and business development.
Somaiya holds an MBA from the TRIUM Global Executive Program, an 18-month joint degree with NYU Stern School, London School of Economics and Political Science and HEC Paris School of Management. He received his undergraduate degree in Finance and International Business from NYU Stern School.
Allego offers charging solutions for electric cars, motors, buses and trucks, for consumers, businesses and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network of over 26,000 operational charging points across Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which provides us and our customers with a comprehensive portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable and safe charging solutions, regardless of vehicle model or network affiliation. At Allego, we strive every day to make electric vehicle charging easier, more convenient and more enjoyable for everyone.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value chain and was established for the purpose of entering into a merger, amalgamation, capital exchange, asset acquisition, asset purchase shares, reorganization or similar business combination with one or more companies. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private equity fund managed by a subsidiary of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are provided for informational purposes only and are not intended to be relied upon, nor should not be considered by any investor to be a guarantee, assurance, prediction or definitive statement of fact or probability. of Spartan Acquisition Corp. III (“Spartan”) and Allego Holding BV, a Dutch limited liability company (“Allego”), actual results may differ from their expectations, estimates and projections and, therefore, you should not rely on them. forecasts. – forward-looking statements such as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “may”, “will” , “could”, “should”, “believes”, “predicts”, “potential”, “continues” and similar expressions (or negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, Spartan’s and Allego’s expectations regarding the future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions of the proposed business combination and the timing of the completion of the contemplated business combination.
These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially, and potentially adversely, from those expressed or implied by the forward-looking statements. Most of these factors are beyond Spartan and Allego’s control and are difficult to predict. Factors that could cause such differences include, but are not limited to: (i) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement and the plan reorganization (the “BCA”); (ii) the outcome of any legal proceedings that may be brought against Athena Pubco BV, a Dutch limited liability company (the “Athena Pubco”) and/or Allego following the announcement of the BCA and the transactions therein considered; (iii) the inability to complete the proposed business combination, including the failure to obtain Spartan shareholder approval, certain regulatory approvals or the satisfaction of other closing conditions in the BCA; (iv) the occurrence of any event, change or other circumstance which could give rise to the termination of the BCA or which could otherwise prevent the closing of the transaction; (v) the impact of the COVID-19 pandemic on Allego’s business and/or the parties’ ability to complete the proposed business combination; (vi) the inability to obtain or maintain the listing of the common stock of Athena Pubco on the New York Stock Exchange following the proposed business combination; (vii) the risk that the proposed business combination will disrupt ongoing plans and operations following the announcement and completion of the proposed business combination; (viii) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, Allego’s ability to grow and manage growth profitably and retain its key employees ; (ix) costs related to the proposed business combination; (x) changes in applicable laws or regulations; and (xi) the possibility that Allego, Spartan or Athena Pubco may be adversely affected by other economic, business and/or competitive factors. The above list of factors is not exclusive. Additional information regarding some of these and other risk factors is contained in Spartan’s most recent SEC filings and registration statement on Form F-4 (the “Form F-4”), including the proxy statement/prospectus which forms part of it. filed by Athena Pubco in connection with the proposed business combination of September 30, 2021 and the amendments filed in this regard. All subsequent written and oral forward-looking statements regarding Spartan, Allego or Athena Pubco, the transactions described herein or other matters attributable to Spartan, Allego, Athena Pubco or anyone acting on their behalf are expressly qualified in their entirety by warnings. above. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Each of Spartan, Allego and Athena Pubco expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
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CONTACT: For Allego
[email protected] Meridiam
[email protected] Spartan Acquisition Corp. III
KEYWORD: NETHERLANDS NORTH AMERICA FRANCE UNITED STATES EUROPE NEW YORK
KEYWORD INDUSTRY: PROFESSIONAL SERVICES AUTOMOTIVE OTHER AUTOMOTIVE ALTERNATIVE ENERGIES ENERGY FINANCE VEHICLES/ALTERNATIVE FUELS
SOURCE: Allego Holding B.V.
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PUBLISHED: 02/01/2022 08:05 AM/DISC: 02/01/2022 08:06 AM