logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination

Feb 20, 2024•almost 2 years ago

Acquiring Company

L Catterton

Acquired Company

Lotus Technology

GreenwichAngel InvestmentConsumer GoodsElectric VehicleAutomotiveManufacturing

Description

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 Information

Company

L Catterton

Location

Greenwich, Connecticut, United States

About

L Catterton is a market-leading consumer-focused investment firm, managing approximately $34 billion of equity capital and three multi-product platforms: private equity, credit, and real estate. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton's team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 250 investments in some of the world's most iconic consumer brands.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed