Antin makes second investment in EV charging infrastructure with RAW Charging
08 July 2022 - 04:05PM
Business Wire
RAW Charging set to help the UK’s transport
sector transition to low carbon by decade’s end
Regulatory News:
Antin Infrastructure Partners (Paris:ANTIN) announced today that
it has acquired a majority stake in RAW Charging, a fast-growing
charging company that installs and owns electric vehicle (EV)
charging points at popular public destinations in the UK.
Following the recent acquisition of a co-controlling stake in
Power Dot, a leading European owner-operator of EV charging
infrastructure, RAW is the second EV charging investment as part of
Antin’s NextGen platform, further demonstrating a strong commitment
to transport decarbonisation.
Founded in 2018, RAW Charging has rapidly expanded by partnering
with major real estate companies across the UK, including Aviva
Investors, abrdn, Greene King and McArthurGlen, to roll out
charging points. The network is targeting to have over 1,000
operational charging points by the end of 2022, with a pipeline of
over 10,000 charging points to be installed over the next three
years.
RAW’s management team will work closely with Antin to further
expand its national footprint by scaling existing partnerships and
further developing its pipeline. Through this ambitious growth
plan, RAW is well positioned to help expand adoption of EV in the
UK.
Transport is now the UK’s largest carbon emitting sector, with
road transport representing over 90% of those emissions. In light
of the UK’s commitment to net zero emissions by 2050, significant
changes to the transport sector are underway, most notably with the
UK’s ban on the sale of combustion-engine vehicles from 2030.
Supporting the development and roll out of EV charging
infrastructure is critical to meeting this target as the UK
government estimates up to 10 million battery-powered EVs on the
road by the end of the decade.
To meet the significant demand for public chargers, RAW operates
in the underserved, high-growth destination EV charging
marketplace. With an estimated 45% of drivers needing to charge
their EVs away from home, EV charging infrastructure is a valuable
amenity in futureproofing work, leisure and domestic locations
across the country.
Bruce Galliford, CEO of RAW stated: “Currently, destination EV
charging is significantly underserved in the UK. Given Antin’s
broad experience and its proven track record in growing and
developing its portfolio companies, we are now positioned to
implement a robust growth plan by scaling up our project pipeline
and establish RAW as the go-to destination charging infrastructure
supplier.”
Rodolphe Brumm, NextGen Partner at Antin commented: “This new
investment signals Antin’s strong commitment to advancing the use
of electric vehicles, thus contributing to reducing carbon
emissions. We firmly believe that the private sector, alongside
government, will play a key role in realising the UK’s ambitious
electric vehicle infrastructure strategy, which includes the aim to
reach 300,000 public EV charge points by 2030. We look forward to
working with RAW’s management team to help transition the UK
transport sector to low carbon by the decade’s end in line with our
NextGen strategy.”
The transaction is expected to close in early Q3 of 2022.
Goodwin Procter acted as legal advisor to Antin. Bryan Cave
Leighton Paisner acted as legal advisor to RAW and its current
shareholders, with Longspur Capital acting as their financial
advisor.
About RAW
RAW Charging is one of the largest UK providers of electric
vehicle charging solutions to blue-chip customers. As a leading EV
Charge Point Operator, RAW is helping to deliver a
once-in-a-generation electric vehicle opportunity, building one of
the UK’s largest networks of EV chargers, focused exclusively on
destination charging.
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 180 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/20220707005698/en/
Media 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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