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Announced

Completed

PGGM led a €304m funding round in Electra.

Financials

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Transaction Value£260m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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renewable energy

Production Technology Equipment

electric vehicles

France

EV charging solutions

Private Equity

Venture Capital

Acquisition

Domestic

Minority

Private

Completed

Friendly

Single Bidder

Synopsis

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PGGM, a not-for-profit cooperative pension fund service provider, led a €304m funding round in Electra, an electric vehicles fast charging solutions provider, with participation from Eurazeo, RIVE Private Investment, SNCF Group, Serena and Bpifrance. "We are delighted to welcome PGGM as a shareholder in Electra. The support of a reputable investor with an international presence and a strong commitment to the energy transition is a significant vote of confidence that will accelerate Electra's deployment ambitions. We will continue to develop our fast-charging network for electric vehicles in several European countries to facilitate the transition to cleaner mobility. The shift to electric vehicles should be simple and convenient for users, and that is the proposition of Electra." Aurélien de Meaux, Electra CEO.

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