InstaVolt’s GBP110 Million Financing for UK EV Charging Projects

Allen & Overy has advised a consortium of lenders on the deal.

InstaVolt’s financing will support the growth and development of its rapid electric vehicle (EV) charging infrastructure in the UK.

Headquartered in Hampshire, InstaVolt develops, installs, owns and operates rapid EV charging stations in the UK. Following the acquisition earlier this year by purpose-driven global investment organisation, EQT, InstaVolt is on track to be the largest owner-operator of rapid DC charging stations in the UK. Financing was provided by commercial banks to fund the continued expansion of the business.

Lenders on the transaction included Santander, Lloyds, Investec, Natixis, and NIBC.

The A&O team comprised partner Ed Moser (Picture), senior associate Sarah Mulcahy, associates Rhushub Bidd and Joon Ku Kang and trainee Alexandra Butler.

Involved fees earner: Rhushub Bidd – Allen & Overy; Joon Ku Kang – Allen & Overy; Edward Moser – Allen & Overy; Sarah Mulcahy – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Investec Bank Plc; Lloyds; Natixis; NIBC Bank; Santander;

Giulia Di Palma

Author: Giulia Di Palma