Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination
Acquiring Company
L Catterton
Acquired Company
Lotus Technology
GreenwichProfessional ServicesConsumer GoodsAngel InvestmentManufacturingAutomotiveElectric VehicleDescription
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.
Quick answer
L Catterton is acquiring Lotus Technology, announced February 20, 2024. L Catterton is based in Greenwich, Connecticut, United States.
- How much did L Catterton pay for Lotus Technology?
- The deal value was not disclosed.
- What does L Catterton do?
- 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.
- Where are L Catterton and Lotus Technology based?
- L Catterton is based in Greenwich, Connecticut, United States.
- Who are the decision-makers at L Catterton?
- Fundz holds 1 contact at L Catterton. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Lotus Technology?
Lotus Technology was acquired by L Catterton, based in Greenwich. The deal was reported on February 20, 2024. 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. L Catterton is privately held and operates in Professional Services.
When did L Catterton acquire Lotus Technology?
L Catterton's acquisition of Lotus Technology was reported on February 20, 2024. Lotus Technology Inc., a leading global luxury electric vehicle maker, has completed a business combination with L Catterton Asia Acquisition Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lotus Technology do?
Lotus Technology Inc. is a leading global luxury electric vehicle maker committed to transforming the brand into an advanced, fully electric, intelligent, and sustainable luxury mobility provider before its 80th anniversary in 2028. It is publicly traded (LOT), operating in Manufacturing.
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