Antin to Invest in Power Dot, a Leading European Electric Vehicle Charging Platform
18 May 2022 - 4:38PM
Business Wire
The investment, to be deployed as part of
Antin’s NextGen strategy, will help power the transportation
infrastructure of tomorrow, through accelerating key sustainability
goals across Europe
Regulatory News:
Antin Infrastructure Partners (Paris:ANTIN) announced today that
its NextGen investment platform has signed with Power Dot, Arié
Group and other current shareholders an investment agreement where
Antin will acquire a co-controlling stake in Power Dot, a leading
European owner-operator of destination and en-route electric
vehicle (EV) charging infrastructure.
Founded in Portugal in 2018, Power Dot rapidly expanded into
France, Belgium, Luxembourg Spain and Poland to now comprise a
network of approximately 5,000 charging points1 in high-traffic
tier 1 public locations. This extensive and steadily growing
network has been built through Power Dot’s commercial partnerships
with large retailers, shopping centres, motorway service stations
and fleet operators.
Since inception, Power Dot’s EV chargers have powered more than
26 million fully electric driven kilometers, representing the
equivalent of over 4,000 tonnes of CO2 avoided, thereby furthering
the EU’s overall aim of reducing greenhouse gas emissions by 90% by
2050.
Antin’s investment to be deployed within the firm’s Nextgen
strategy follows the recently announced investment into smart grid
developer SNRG. Both investments demonstrate Antin’s commitment to
building a portfolio of sustainable and scalable next generation
infrastructure companies.
Antin will contribute to the growth of the already strong
network of EV charging stations installed and operated by Power
Dot. Antin’s team will work closely with the group’s experienced
management team to assist in further expanding Power Dot’s EV
charging portfolio through enhancing its footprint with existing
commercial partners and by further developing Power Dot’s robust
pipeline of new locations. Through its ambitious growth plans,
Power Dot is well positioned to help usher in the widespread
adoption of EV by providing affordable and sustainable fast
charging stations in key public locations throughout Europe, thus
further contributing to the decarbonisation of transport.
Luis Santiago Pinto, co-founder and CEO of Power Dot stated:
“Destination charging is amongst the fastest growing segments by
demand, and also one where rapid charging needs are strongest. With
strong political support aiming to ban the sale of internal
combustion vehicles within the EU by 2035, EVs are expected to
account for approximately 50% of passenger car production by 2030.
In partnership with Antin, Power Dot is poised to capitalise on
these strong market tailwinds that are creating a significant EV
charging market."
Jose Sacadura, co-founder and General Manager of Power Dot,
added: “Over the past few years, Power Dot has successfully rolled
out its model across Europe. Given Antin’s successful track record
in scaling platforms and its strong industrial approach, we have
found the right partner to support us in accelerating our
pan-European network expansion.”
Nicolas Mallet, NextGen Partner at Antin commented: “Power Dot
is exactly the sort of company that we envision for our NextGen
strategy. Antin has always been at the forefront of identifying
long-term market trends and NextGen is focused on the
infrastructure of tomorrow. We look forward to working with the
Power Dot team to further scale the company to its full
potential.”
The transaction is subject to customary approvals from
competition authorities and is expected to close in late Q2 / early
Q3 of 2022.
Orrick, Herrington & Sutcliffe acted as legal advisor to
Antin, with UBS acting as its financial advisor. Linklaters acted
as legal advisor to Power Dot and its current shareholders, with
Improved CF acting as their financial advisor. EY teams assisted
the parties on tax and financial aspects of the transaction.
About Power Dot Power Dot is
one of the fastest-growing owner-operators of charging points for
electric vehicles in Europe. Power Dot invests, installs and
operates EV chargers with an innovative business model. Power Dot’s
mission is to create a charging experience embedded in people’s
lives by installing chargers in everyday, high-traffic locations
where people naturally park their cars.
With support from the Arié Group and almost four years of
operation, Power Dot has invested in hundreds of different
locations and is now operating a diverse portfolio of shopping
malls, large retailers, gas stations, business centers and
municipalities. Power Dot operates in Portugal, Spain, France,
Belgium, Luxembourg and Poland and aims to be a leader in
destination charging in Europe.
About Antin Infrastructure
Partners Antin Infrastructure Partners is a leading
private equity firm focused on infrastructure. With over €22
billion in assets under management across its Flagship, Mid Cap and
NextGen investment strategies, Antin targets investments in the
energy and environment, telecom, transport and social
infrastructure sectors. With offices in Paris, London, New York,
Singapore and Luxembourg, Antin employs over 175 professionals
dedicated to growing, improving and transforming infrastructure
businesses while delivering long-term value to portfolio companies
and investors. Majority owned by its partners, Antin is listed on
Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).
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version on businesswire.com: https://www.businesswire.com/news/home/20220518005515/en/
Media Contacts Antin
Infrastructure Partners Nicolle Graugnard, Communication
Director Email: nicolle.graugnard@antin-ip.com
Ludmilla Binet, Head of Shareholder Relations Email:
shareholderrelations@antin-ip.com
Brunswick Email: antinip@brunswickgroup.com Tristan
Roquet Montegon +33 (0) 6 37 00 52 57 Gabriel Jabès +33 (0) 6 40 87
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