Latham & Watkins Advises Wallbox in US$1.5 Billion deSPAC Merger with Kensington Capital Acquisition Corp. II

Wall Box Chargers, S.L. (Wallbox), a leading provider of electric vehicle (EV) charging solutions, and Kensington Capital Acquisition Corp. II (Kensington), a special purpose acquisition company, have announced a definitive agreement for a business combination that will result in Wallbox becoming a public company. Upon closing of the transaction, the combined company will be named Wallbox and listed on the NYSE under the new ticker symbol “WBX”.

Latham & Watkins LLP represents Wallbox in the transaction, with a corporate deal team led by Houston partner Ryan Maierson, Madrid partners Jose Antonio Sánchez-Dafos and Ignacio Gómez-Sancha and New York partner Ian Schuman, with New York associate Kaj Nielsen and Madrid associates Maria Pilar Villanueva, Rafael Martínez-Echevarría, and Celia Vega-Penichet. Advice was also provided on tax matters by Madrid partners Jordi Domínguez and Iván Rabanillo and Houston partners Jim Cole and Tim Fenn, with Madrid associate Juan Rodríguez and Houston associate Mike Rowe; and on benefits and compensation matters by New York partner Bradd Williamson with New York associate Max Raskin; on data privacy and intellectual property matters by London partners Deborah Kirk and Fiona Maclean and New York partner Jeffrey Tochner, with London associate Jane Bentham; and on CFIUS related matters by Washington, D.C. partner Les Carnegie, with Washington, D.C. associate Zachary Eddington.