Orrick is advising Antin Infrastructure Partners on its equity investment in Power Dot, a leading European owner-operator of destination and en-route electric vehicle (EV) charging infrastructure.
The investment, which is part of Antin's NextGen strategy, will grant to the fund a co-controlling position in the company currently owned by Grupo Arie and the founders of Power Dot.
Launched in 2018 and already present in several European countries, Power Dot currently operates approximately 5,000 charging points in store and hotel parking spaces. Since inception, Power Dot’s EV chargers have powered more than 26 million of fully electric driven kilometres, contributing by its activity to EU’s overall aim of reducing greenhouse gas emissions by 90% by 2050.
Antin Infrastructure Partners is advised in France by Orrick with :
The transaction, currently subject to customary procedures for anti-trust approvals, is expected to close in late Q2 / early Q3 of 2022.