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

Term Loan

138$m

Pound Sterling - GBP

110,000,000

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