Research analysts covering Roman DBDR Acquisition Corp. II.
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Roman DBDR Acquisition Corp. II announces business combination with ThomasLloyd Climate Solutions
DRDB
M&A
New Projects/Investments
Proxy Vote Outcomes
- Roman DBDR Acquisition Corp. II and ThomasLloyd Climate Solutions B.V. have entered into a definitive business combination agreement, forming a new holding company to be listed on Nasdaq under the ticker "TCSG" in the second half of 2026.
- The proposed transaction values ThomasLloyd at a pre-money equity value of US$850 million, with potential to reach US$1.3 billion via a US$450 million share price-based earnout, and is expected to provide in excess of US$240 million in gross proceeds from cash held in trust and an anticipated PIPE raise.
- ThomasLloyd’s management team will continue to lead the combined company, and existing shareholders will roll 100% of their equity holdings into the new public entity, with customary post-closing lock-ups and earnouts to align interests.
- The company has secured a binding term sheet for a US$200 million equity line of credit with B. Riley Principal Capital II, LLC to support growth strategy.
23 hours ago
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