Transition SPAC lists on Euronext Paris

This page is available in multiple languages

Select Language

€215 million raised
8th SPAC listing on Euronext’s markets in 2021
1st listing of a French and European SPAC dedicated to the energy transition

Paris – 22 June 2021 – Euronext today congratulates Transition, the first French Special Purpose Acquisition Company (SPAC) dedicated to the energy transition, on its listing on the professional compartment of Euronext’s regulated market in Paris (ticker code: TRAN).

The company was founded by Xavier Caïtucoli, entrepreneur and co-founder of Direct Energie, Erik Maris, entrepreneur and Advisory Partner of Advent International, and Fabrice Dumonteil, founder and president of Eiffel Investment Group, with the aim of acquiring one or more European companies in the energy transition sector, in the activities of renewable energy production and of energy efficiency. The aim of Transition is to build a new major player that is diversified and integrated into the value chain and which can meet the challenges and changes to come in the energy sector in the next thirty years.

Transition was listed through the admission to trading of the 21,500,000 units^[1] that compose its capital. The reference price of the units was set at €10. In total, Transition has raised €215 million in a private placement from qualified investors.

Xavier Caïtucoli, CEO and Co-founder, said: “The success of this investment reflects the confidence of investors in the quality of our team, in the relevance of our project and its ability to create value, and in the phenomenal growth potential of an energy sector undergoing profound change, particularly in Europe. As the first European listed SPAC dedicated to the energy transition, Transition will enable mid-size European companies to change scale and become champions of climate issues and the necessary transformations to come in order to achieve the global objectives of carbon neutrality.”

Caption: Xavier Caïtucoli, CEO and Founder of Transition, and Fabrice Dumonteil, Chairman and CEO of Eiffel Investment Group and Co-Founder, and their team, rang the bell during a ceremony this afternoon together with Delphine d’Amarzit, Chairman and Chief Executive Officer Euronext Paris, to celebrate the listing of Transition.

[1] Each of the unit is composed of a market share and a market warrant, which can be convertible in ordinary shares after the initial acquisition.

Download press release

Press Release Footer

About Euronext
Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway, and Portugal. As of December 2024, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal host over 1,800 listed issuers with around €6 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.
For the latest news, follow us on X (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

_Disclaimer
_{This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at}_{www.euronext.com/terms-use}_.