EQT Infrastructure Acquires InstaVolt
03.04.22
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Simpson Thacher is representing EQT Infrastructure V fund in connection with its acquisition of InstaVolt, the U.K.’s fastest-growing independent rapid electric vehicle charging operator, from Zouk Capital. Financial terms of the transaction were not disclosed.
Founded in 2016, InstaVolt is an owner and operator of rapid electric vehicle charging infrastructure with a U.K.-wide network of approximately 700 charge points. InstaVolt’s charge points are most often situated at retail, food, beverage and forecourt sites, and current partners include McDonald’s, Costa Coffee and Booths (among others). EQT Infrastructure is committed to invest significantly to accelerate InstaVolt’s expansion of charge points across the U.K., and support the mission to roll out 10,000 rapid EV chargers by 2032.
The Simpson Thacher team includes Amy Mahon, Paul Foote, Antony Freeman and Tory Hansen (M&A); Sarah Lane (Tax); and Etienne Renaudeau and Ross Ferguson (Antitrust).