Greenberg Traurig Advises on $1.2 Billion Merger Agreement

Global law firm Greenberg Traurig, LLP has advised Cartesian Growth Corporation II, a special purpose acquisition company (SPAC), on the signing of a definitive business combination agreement with InoBat AS. InoBat is a European manufacturer of battery energy storage systems. The transaction is valued at approximately $1.2 billion.

Cartesian Growth Corporation II, a publicly traded SPAC, entered into the agreement to combine with InoBat AS. InoBat specializes in battery systems for energy storage applications. This merger represents a significant step for InoBat's growth and its positioning within the European battery and energy storage market.

The law firm's role involved providing legal counsel to the SPAC during the negotiation and signing of the combination agreement. The transaction is expected to bolster InoBat's presence in Europe's rapidly expanding battery energy storage sector, which is experiencing heightened demand for sustainable energy solutions.

This combination is designed to enable InoBat to scale its production and advance its technological development. Such transactions are a common method for SPACs to facilitate a target company's entry into public markets and access capital.