Announced
Financials
Tags
Cross Border
Acquisition
Friendly
electric vehicle charging
United States
Electronic Equipment: Other
Majority
Private
Pending
Private Equity
Single Bidder
Synopsis
EQT Infrastructure, a purpose-driven global investment organization, agreed to acquire InstaVolt, a rapid electric vehicle charging units installer, from Zouk Capital, a private equity and infrastructure fund manager., for $206m. "The future is electric and InstaVolt is essential to the roll-out of EV charging infrastructure across the UK, a prerequisite for enabling mass adoption of EVs. We are excited about supporting InstaVolt in the next phase of growth and for EQT to play its part in decarbonizing the transportation sector and driving the transition towards net zero in the UK and beyond," Anna Sundell, EQT Infrastructure Partner and Head of UK Advisory Team.
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