TPG Pace Beneficial Finance Corp.
TPGY-UN
New York Stock Exchange10.05
USD
+0.03
- -
CIK
0001819399
Return %
Stock
S&P500
1Y
0.80
26.53
3Y
0.40
76.60
5Y
0.40
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael G. MacDougall
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 301 Commerce Street Fort Worth TX United States of America 76102
- IPO Date
- Oct 7, 2020
- CIK
- 0001819399
- Website
- tpg.com
- Similar Companies
- Business
- TPG Pace Beneficial Finance Corp. operates as a special purpose acquisition company (SPAC) focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or other business combinations with one or more businesses or entities. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas. It aims to sponsor the public listing of companies that combine attractive business fundamentals with potential or established environmental, social, and governance (ESG) principles and practices. As a blank check company, TPG Pace Beneficial Finance Corp. does not manufacture or sell products but provides the platform and capital to merge with or acquire target companies primarily within diverse industries. The company operates within TPG Pace Group, TPG’s permanent capital platform, which has sponsored multiple SPACs since 2015 and raised more than $4.4 billion to date. The group adopts a long-term, patient, and highly flexible capital base allowing transactions across industries and geographies. Recent major developments include the termination of a previously announced business combination agreement with EVBox Group, a global provider of electric vehicle (EV) charging technologies, underscoring TPG Pace’s ongoing pursuit of appropriate business combination targets. The company continues to seek entities with sustainable competitive advantages and growth potential by leveraging TPG’s operational expertise and extensive industry networks. TPG Pace Beneficial Finance Corp. operates under TPG Inc., a leading global alternative asset firm founded in 1992, with substantial capital resources and investment teams across multiple offices worldwide. The SPAC’s strategic focus lies in sponsoring business combinations that can benefit from TPG’s experience in transformational investing and operational growth, primarily targeting companies aligned with ESG standards to scale within public markets. In summary, TPG Pace Beneficial Finance Corp. provides the financial and structural vehicle for acquiring or merging with companies, focusing on ESG-oriented targets, backed by TPG’s significant investment capabilities and capital market expertise. Its headquarters remain in Fort Worth, Texas, with a founding year of 2019, and it continues to actively seek suitable acquisition opportunities while adapting its portfolio and strategies according to evolving market conditions and investment opportunities.
SPAC TPG Pace's Shares Surge 119% On Merger Deal With EV Charging Company EVBox
TPG Pace Beneficial Finance Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing November 27, 2020