Matheson is pleased to be advising Heramba Electric, a special-purpose company focused on investing in companies with technologies and capabilities that can accelerate the decarbonization of commercial transportation, on its proposed business combination with Project Energy Reimagined Acquisition Corp. (Nasdaq: PEGR). The deal values the combined company at a pro forma implied enterprise value of approximately US$450 million. Heramba Electric announced in August 2023 that it has entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric, a company focused on decarbonization of commercial and public transportation. Upon closing of the business combination transaction, the businesses will be combined through an Irish incorporated parent, whose ordinary shares will be listed on Nasdaq.
The Matheson team advising Heramba Electric is led by Corporate M&A partner Fergus Bolster; together with partners Mark O'Sullivan and Philip Tully (Tax) and associate Anna O'Carroll (Corporate M&A) and solicitor Ed James (Tax).
Latham Watkins LLP (Houston, London, Frankfurt, Hamburg and Munich) and Smith, Gambrell & Russell, LLP are also acting as legal counsel to Heramba Electric.
Our leading team of corporate and tax lawyers has consistently been at the forefront of advising on the largest and most complex re-domiciliation, inversion, M&A and capital markets transactions involving Irish registered companies listed on national US markets, and brings unparalleled experience, expertise and practical knowledge of how to navigate the territory where Irish and US securities regulation, tax and company law and governance intersect.
Matheson is standing Irish legal and tax counsel to approximately one third of large and mid-cap Irish registered companies listed on the NYSE and Nasdaq.
