Deal details
Instavolt EV Chargers - Financing
Description
Instavolt, a leading independent rapid EV-charging business in the UK was acquired by EQT Infrastructure. After the acquisition, EQT reached out to the market to raise a £110m green debt facility to fund the roll-out of EV chargers across the UK. At the time, the company had a portfolio of 671 charge-points across c.330 locations, giving it a c. 13% market share of rapid charge-points across the UK.This is the first-of-kind transaction in the UK EV charging sector; having been the first roll-out deal funded by third parties to date.
Assets involved
Companies involved
- Lloyds Bank, Natixis, Santander, NIBC, Investec Bank
- Santander
- EQT Infrastructure
- Santander
- Clifford Chance
- Allen & Overy
Key information
Basingstoke Bidco Limited
138$m
09-06-2022
Transport / Electric Vehicles
United Kingdom
Project & Infrastructure Finance
Not PPP
Tranche information
Commercial bank bridge loan
138$
Term Loan
138$m
Pound Sterling - GBP
110,000,000
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Participant | role | ticket size |
---|---|---|
Santander | Lender | 33$m |
Investec Bank | Lender | 26$m |
Lloyds Bank | Lender | 26$m |
Natixis | Lender | 26$m |
NIBC | Lender | 26$m |