U.S. law firm Goodwin Procter has advised Catcha Investment, a publicly traded special purpose acquisition company, on its merger agreement with Crown LNG Holdings, which develops liquefied natural gas terminals to operate in harsh weather conditions.
The $685-million deal will result in Crown becoming a company listed on the New York Stock Exchange, and is expected to be completed during the fourth quarter of 2023.
Oslo, Norway-based Crown, advised by Nelson Mullins Riley & Scarborough, plans to use the proceeds from the SPAC deal to fund two ongoing projects in India and Scotland, and expand into new markets, including Vietnam and Canada, the company’s chief executive Swapan Kataria said.
The Goodwin team advising Catcha was led by Hong Kong private equity partners Daniel Dusek, Douglas Freeman and Victor Chen, capital markets partners Jocelyn Arel and Jeffrey Letalien in Boston and New York, respectively, and Boston-based tax partner Daniel Karelitz.
Catcha Investment is backed by the Catcha Group, which has invested in several technology and media companies in Southeast Asia and Australia since its formation in 1999. This is Catcha’s first investment in the energy sector.