Clean Energy Developer ThomasLloyd to Go Public Via SPAC Deal

ThomasLloyd Climate Solutions has agreed to merge with a blank-check company in a deal that will allow the European-based clean energy developer to enter the booming US market for powering data centers.

The combination with Roman DBDR Acquisition Corp. II is expected to raise more than $240 million and is set to close in the second half of this year, according to a statement reviewed by Bloomberg News. That includes an anticipated private investment in public equity, according to the statement, which didn’t include details on the PIPE.

ThomasLloyd, which is valued at $850 million on an equity basis before ...