White & Case Advises Banking Syndicate on IPO of Transition on Euronext Paris

Global law firm White & Case LLP has advised the banking syndicate led by Goldman Sachs on the listing of Transition, a Special Purpose Acquisition Company (SPAC), on Euronext Paris.

The Prospectus was approved by the Autorité des Marchés Financiers on June 16, 2021. The offering includes a capital increase of €200 million, which could be increased to €215 million if the over-allotment option is fully exercised.

Transition is sponsored by entrepreneur Xavier Caitucoli, banker Erik Maris and fund Eiffel Essentiel, and its objective is to acquire one or several target companies with principal operations in the energy transition sector.

Transition's shares will be listed on the professional segment of the regulated market of Euronext Paris. The first listing is expected on June 22, 2021.

The White & Case team in Paris which advised on the transaction was led by partner Thomas Le Vert and included partners Max Turner and Alexandre Ippolito, counsel Jean Paszkudzki and associates Isabelle Touré-Farah, Tatiana Uskova, Claire Sardet and Sarah Kouchad.

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