Linklaters advised Arrival on the deal.
Arrival, the producer of next generation electric vehicles, combined with CIIG Merger Corp., a US SPAC (a special purpose acquisition company which raises cash on the stock market and source a private company to take public) listed on the NASDAQ. Shares and warrants of Arrival, a newly-formed Luxembourg joint stock company, resulting from the business combination, have now been listed on the NASDAQ under the new ticker symbol “ARVL”.
Arrival has developed a new method of designing and producing zero-emission vehicles using its proprietary hardware, software and robotics technologies and low cost microfactories. It was founded in 2015 and has grown to over 1,800 global employees located in offices across the United States, United Kingdom, Germany, Netherlands, Israel and Russia. Arrival has previously received investment from strategic partners Hyundai, Kia, UPS, Winter Capital, and funds and accounts managed by BlackRock.
The Linklaters team was led by Manfred Müller (Picture – Partner), Rémy Bonneau (Partner), Maxime Bertomeu-Savalle (Managing Associate), Colas Surot (Associate) from the Luxembourg Corporate team and included Joakim-Antoine Charvet (Consultant) and Cyrielle Nis (Associate) from the Luxembourg Tax team, Stuart Bedford (Partner) and James Wooton (Partner) from the London Corporate team as well as Bradley Richardson (Counsel) and Ben McCarthy (Associate) from the London Employment & Incentives Practice.
Involved fees earner: Stuart Bedford – Linklaters; Maxime Bertomeu-Savalle – Linklaters; Rémy Bonneau – Linklaters; Ben McCarthy – Linklaters; Manfred Müller – Linklaters; Cyrielle Nis – Linklaters; Bradley Richardson – Linklaters; Colas Surot – Linklaters; James Wootton – Linklaters;
Law Firms: Linklaters;