ADVISER TO AC PROPULSION
Founded in 1992, AC Propulsion develops electric vehicle technology and provides products and engineering services to automotive clients throughout the world. ACP provided the original EV drive train and battery management technology to Tesla and to BMW in its original electric Mini.
Grand Avenue Capital was engaged by the shareholders of AC Propulsion and its Chinese affiliate, e-Motor, in Beijing, to recapitalize the company providing sufficient equity to fund its growth plans. Subsequently, Grand Avenue was engaged to sell the company at the direction of the major shareholder.
Grand Avenue Capital was successful in bringing a major Tier 1 publicly traded automotive supplier headquartered in Stuttgart, Germany to bid for the company.
About Grand Avenue Capital Investment Bankers
Grand Avenue Capital is an investment banking firm focusing on middle-market merger / acquisitions (both buy-side and sell-side engagements), private placements of capital for growth opportunities, valuations and strategic investment advisory services in various industry sectors. Grand Avenue Capital's culture embraces teamwork, tenacity, perseverance and creativity to provide our domestic and international clients exceptional value, delivering skillful positioning and relentless execution. Grand Avenue Capital becomes a trusted adviser to its clients.
Based in Pasadena, California and Chicago, Illinois, Grand Avenue Capital augments its international capabilities through its active participation in One to One Corporate Finance, an exclusive global alliance of M&A advisory firms.