Tag Archives: Energy

DIF Capital Partners to acquire Plugit, a leading Finnish EV charging infrastructure company

DIF

DIF Capital Partners (“DIF”), a leading global independent infrastructure investment manager, is pleased to announce that it has reached an agreement to acquire a 71% stake in Plugit Finland Oy (“Plugit”), a leading EV charging infrastructure company in Finland, through DIF CIF II (the “Fund”).

Founded in 2012, Plugit has become one of the largest EV charging infrastructure companies operating in the Finnish market. It has an installed base of ca. 4k charge points, has provided services to ca. 300 business customers to date and employs ca. 60 people. Plugit delivers and operates charging infrastructure projects for businesses and public sector organisations. It provides complete turnkey solutions, including design, hardware provision, operations, maintenance and end-to-end software. Plugit also offers a fully-funded Charging-as-a-Service (“CaaS”) product, where it funds the upfront capex and owns the EV charging infrastructure that it installs, in return for fixed availability-based lease payments from customers.

Supported by DIF, Plugit will expand its CaaS product and plans to build-out the amount of infrastructure that it funds and owns. The CaaS product addresses a key obstacle for Plugit customers as it removes the hurdle of them having to fund high capex amounts upfront and enables customers to transfer technology and operational responsibilities to an experienced player in the sector.

The management team will continue to remain invested in the company.

Willem Jansonius, Partner and Head of Investments for the DIF CIF strategy, says: “DIF believes that the electrification of transportation will play a critical role in reducing carbon emissions. We are excited to invest in such a well-established EV charging company, in order to speed up the rollout of charging infrastructure across Finland and abroad. We look forward to working with a highly experienced management team to accelerate Plugit into the next phase of its growth.”

Tommi Saarela, CEO of Plugit, adds: “We are excited about this unique opportunity to accelerate, our already fast and profitable growth, even further in the area of e-mobility. Partnering with DIF will enable us to meet our strategic objective of ten folding our business by 2025. DIF will provide us, not only the growth equity, but substantial financial resources enlarging and scaling up our CaaS services in Finland and other markets.”

Plugit was advised by Krogerus (legal) and PwC (M&A). DIF was advised by Avance (legal), Improved (M&A), Boston Consulting Group (commercial), Deloitte (financial) and DNV (technical).

Closing of the transaction is expected to take place before 2021YE.

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with more than €9.0 billion in assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australasia through two complementary strategies:

  • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy transition, and transportation sectors.
  • Traditional DIF funds, of which DIF Infrastructure Fund VI is the latest vintage, target equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.

DIF Capital Partners has a team of over 170 professionals, based in ten offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

Contact:

Allard Ruijs, IR & BD
Email: a.ruijs@dif.eu

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Aibel wins major contracts with Equinor

Ratos

Aibel has signed four contracts with Equinor valued at approximately NOK 5 billion, including option clauses.

The contracts are based on the long-standing partnership between Aibel and Equinor as well as Aibel’s strong competitiveness. They entail a continued multi-year investment in Aibel’s Norwegian organisation, primarily in Haugesund, Harstad, Asker and Stavanger.

For further information:

https://aibel.com/news/aibel-signed-four-new-equinor-contracts

Christian Johansson Gebauer
Board member of Aibel and President Business Area Construction & Services, Ratos
+46 8 700 17 00

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 34 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

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Apollo Funds to Acquire 50% Stake in Broad Reach Power from EnCap

  • Apollo Funds and existing EnCap-led shareholder group also commit to invest up to $400 million of new equity to accelerate Broad Reach Power’s growth and expansion plans
  • Transaction marks first sale for EnCap Energy Transition Fund I
  • Extends Apollo’s energy transition activity

NEW YORK and HOUSTON, Nov. 22, 2021 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and EnCap Energy Transition Fund I (“EETFI”) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have agreed to acquire a 50% stake in Broad Reach Power LLC (“Broad Reach”), a leading utility-scale energy storage and renewable energy platform in the US. The Apollo Funds will acquire the stake from existing investor EnCap Investments L.P. (“EnCap”) and its co-investment partners Yorktown Partners and Mercuria Energy. EnCap and its co-investment partners will retain the other 50% stake and, together with the Apollo Funds, commit to invest up to $400 million of additional equity to fund Broad Reach’s continued expansion and growth pipeline.

Broad Reach is a leading energy storage platform in the US, applying advanced energy storage technology and power market analytics to improve the performance of renewable and power generation facilities. The company has more than 1.4 gigawatt hours of storage assets in operation or under construction and controls a 21-gigawatt (GW) portfolio of utility-scale wind, solar and energy storage power projects across the country.

“At Apollo we have been highly active in the energy transition, and we are thrilled to join EnCap in this investment in Broad Reach, which in our view is the premier energy storage leader in the US,” said Geoff Strong, Senior Partner and Co-Head of Infrastructure and Natural Resources at Apollo. “Broad Reach has a scaled, high-performing platform that is well positioned for strong continued growth, particularly as the shift to more intermittent clean energy increases volatility and drives demand for energy storage.”

Broad Reach CEO Steve Vavrik said, “Apollo is a world-leading investor with the expertise, capital and motivation to invest in a wide range of energy transition companies, and we are excited to welcome them to Broad Reach alongside EnCap, Yorktown Partners and Mercuria Energy. We view this as a significant vote of confidence in Broad Reach and our exciting growth prospects, as we continue to execute on our long-term goal to supply the nation with clean, reliable and affordable power.”

Corinne Still, Principal at Apollo, commented “This transaction unites Apollo with a terrific shareholder group that has demonstrated significant conviction, commitment, and success in building a large and nimble clean energy platform. We look forward to collectively supporting Steve and his team in their future growth.”

“Broad Reach has emerged as a disruptor in the dramatic transformation of the US electricity sector. We believe this transaction both validates the value created by EnCap’s sponsorship of Broad Reach and allows us to continue to participate in its dominant position in the market,” said EnCap Energy Transition Managing Partner Shawn Cumberland, also chairman of the Broad Reach board of directors. “Apollo is a sophisticated and experienced energy transition and power industry investor and will be an extremely valuable member in the expanded partnership to accelerate Broad Reach’s growth.”

EnCap has been one of the most aggressive pioneer investors in the fast-growing US battery storage business. EnCap’s energy transition platform established Broad Reach in 2019 by bringing together professionals with extensive experience in battery storage systems and proven developers with long track records in renewables. The acquisition by the Apollo Funds will also represent the first sale by EnCap’s $1.2 billion Energy Transition Fund I. In addition to Broad Reach, EETFI controls a robust portfolio that includes Catalyze Energy (distributed commercial and industrial solar plus batteries), Solar Proponent (large scale solar), Triple Oak Power (wind power) and Arbor Renewable Gas (clean fuels), among others.

For the Apollo Funds, this extends a long track record of investing in or lending to companies supporting the clean energy transition. Most recently this includes committing more than $820 million of funding to NextEra Energy Partners’ for its stake in a renewable energy generation portfolio; forming a new venture with Johnson Controls to provide sustainability and energy efficiency services; investing in US Wind, an offshore wind developer; forming a joint venture to accelerate the growth of renewable energy royalties company Great Bay Renewables; investing in Stagecoach Royalty, a renewable energy land royalties platform; acquiring a majority stake in Arlington Valley, a utility scale solar asset; acquiring Tullahennel, a wind power asset in Ireland; and investing in sustainable bioenergy producer AS Graanul Invest.

The transaction is subject to customary closing conditions and expected to be completed by year-end 2021. White & Case LLP served as the legal advisor and Citi served as the sole financial advisor to EnCap and Broad Reach. Kirkland & Ellis LLP served as legal counsel to the Apollo Funds.

About Broad Reach
Broad Reach Power is a leading utility-scale storage platform in the United States. Based in Houston, the company owns a 21 GW portfolio of utility-scale solar and energy storage power projects in Montana, California, Wyoming, and Texas which give utilities, generators and customers access to technological insight and tools for managing merchant power risk so they can better match supply and demand. For more information about the company, visit www.broadreachpower.com.

About Apollo
Apollo is a high-growth, global alternative asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and equity. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. To learn more, please visit www.apollo.com.

About EnCap Investments L.P.
Since 1988, EnCap Investments has been the leading provider of venture capital to the independent sector of the US energy industry. The firm has raised 22 institutional investment funds totaling approximately $38 billion and currently manages capital on behalf of more than 350 US and international investors. EnCap Energy Transition platform is led by four Managing Partners, each with 25-30 years of experience in renewables and power. For more information, please visit www.encapinvestments.com.

Contacts
For Apollo:
Investors:
Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com

Media:
Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com

For EnCap:
Investors:
Charles Bauer
Partner and Head of Investor Relations
(713) 659-6100
CBauer@encapinvestments.com

Media:
North America
Ten10 Group
Casey Nikoloric
303.433.4397, x101 o
303.507.0510 m
casey.nikoloric@ten10group.com

EMEA & Asia
Prosek Partners
Philip Walters
+44 (0) 7773331589
pwalters@prosek.com

 


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Source: Apollo Global Management, Inc.

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EQT Infrastructure and GEH to sell GETEC to IIF

eqt

EQT and GEH to sell GETEC, one of Europe’s leading sustainable energy service companies for real estate and industrial customers, to IIF

GETEC operates more than 11,500 energy generation assets across nine European countries with more than 5.2 GWth cumulative installed capacity, saving more than 610,000 tons of CO2 annually

Since EQT acquired control in 2017, GETEC has embarked on a transformative journey, from a German and founder-focused business to a leading sustainable energy contracting solutions specialist of pan-European scale, by investing in sales and operational excellence, digital capabilities, and sustainability initiatives, as well as value accretive bolt-on acquisitions

EQT and GETEC Energie Holding (GEH, the family holding of Dr. Karl Gerhold) are pleased to announce that EQT Infrastructure III fund (“EQT Infrastructure”) and GEH have agreed to sell their respective stakes in G+E GETEC Holding GmbH (“GETEC” or the “Company”) to the Infrastructure Investments Fund (“IIF”), an investment vehicle advised by J.P. Morgan Investment Management. The agreement is subject to customary regulatory approvals and the transaction is expected to close by the end of Q1 2022.

Headquartered in Magdeburg, Germany, GETEC offers tailor-made, efficient, and sustainable energy solutions to industrial and real estate companies, designed and realized by a pool of highly qualified engineers. The Company was founded by Dr. Karl Gerhold in 1993 and today operates more than 11,500 energy generation assets across nine European countries with more than 5.2 GWth cumulative installed capacity and over 2,200 employees. Highly integrated into its customers’ operational processes, GETEC provides mission-critical services under long-term contracts.

Since welcoming EQT Infrastructure as new majority shareholder in 2017, GEH and EQT Infrastructure have jointly undertaken a series of initiatives to future-proof GETEC, driven by a new management team of seasoned executives led by CEO Thomas Wagner, and supported by a high-caliber industrial advisory board. Significant achievements include developing a best-in-class sales function, optimizing GETEC’s operations, digitalizing the plant portfolio and expanding its green solution offering.

In addition to delivering a strong organic growth track-record, with the support of EQT Infrastructure and GEH, GETEC has expanded from a German into a pan-European market leader through six large-scale M&A bolt-ons, establishing a strong foothold in Switzerland, Italy and the Netherlands.

GETEC has demonstrated its sustainability leadership through a comprehensive and well-substantiated net-zero roadmap through to 2045. Its achievements to date include tripling the share of revenues generated from renewable sources and saving more than 610,000 tons of CO2 annually for its customers.

EQT Infrastructure, GEH and the management of GETEC are confident that IIF is the right partner to continue this exceptional progress and further advance GETEC’s mission to support industrial and real estate customers throughout Europe on their decarbonization journey.

Matthias Fackler, Partner within EQT Infrastructure’s Advisory Team, said, “GETEC has been at the centre of the European energy transition since the company was founded in 1993, and we are proud to have accelerated this critical mission over the past five years. Sustainable impact requires setting ambitious and measurable targets, which have been achieved across the board. It has been a pleasure to partner with Thomas and the management team, each of whom have done a fantastic job implementing the value creation plan, building a leader with European scale, and executing an industry-leading sustainability agenda. Today, GETEC is exceptionally well positioned to continue leading and benefiting from the global focus on decarbonization, thereby setting it up to achieve superior long-term growth.”

Thomas Wagner, CEO of GETEC, added, “Through the cooperation with EQT Infrastructure and GEH, GETEC has taken a huge step towards becoming Europe’s leading provider of decentralized energy services. Over the past five years, we more than doubled our revenue and assets, tripled our employee base and expanded our European presence into nine countries. With IIF, we have gained a long-term oriented owner that is highly experienced in the decentralized energy generation sector. Together, we will continue our journey of growth and decarbonization.”

Matthew LeBlanc, Chief Investment Officer for IIF said, “We are delighted to invest in GETEC, a leader in sustainable energy services and a strategic platform uniquely positioned as a catalyst for the energy transition across Europe. We are excited to build upon the unparalleled track record of growth and innovation delivered by EQT Infrastructure, Dr. Karl Gerhold and the management team and look forward to the significant additional investment opportunities to support the collective growth ambitions of GETEC’s customers, employees and communities.”

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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CVC Strategic Opportunities II agrees to invest for a 10% stake in Public Power Corporation

CVC Capital Partners

Investment will support the business’s transformation into a modern and green energy provider

Public Power Corporation S.A. (“PPC”) is the largest generator and supplier of electricity in Greece. Its generation portfolio consists of conventional energy plants, hydroelectric power plants and renewable energy sources, which collectively account for circa half of the electricity produced in Greece. PPC is also majority owner of Hellenic Electricity Distribution Network Operator, which, through its 243,000km of distribution lines, is the sole distributor of electricity in Greece.

PPC is rapidly transforming into a modern and green energy provider and CVC Strategic Opportunities II’s (“StratOps II”) investment will go towards supporting this process. CVC StratOps II participated in the PPC capital raise as the largest cornerstone investor acquiring a 10% stake.

CVC’s Strategic Opportunities strategy invests in high-quality, stable businesses with longer holding periods. The strategy has a core focus on corporate private equity investments with a lower risk profile and often partners with founding families or foundations looking for a long-term partner.

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SONNEDIX agrees to sell its PUERTO RICO SOLAR operations to ARCLIGHT’S INFINIGEN platform

LONDON, UK – Sonnedix, the global solar independent power producer (IPP), announced today the 100% ownership transfer of its interest in the “Puerto Rico Operation” to ArcLight’s Infinigen renewables platform.
The transaction includes Sonnedix USA Ltd, Sonnedix Solar Puerto Rico, Sonnedix Solar Puerto Rico Holdings Ltd, and Sonnedix Solar Puerto Rico Holdings II Ltd.
The “Puerto Rico Operations” is comprised of two operating solar PV plants – Oriana and Horizon – totalling 73.2MW, and a dedicated operating and asset management team, plus other entities pursuing additional solar and battery energy storage in Puerto Rico. The Puerto Rico Operations will conduct business under the Infinigen name post-closing.
“After a decade present in Puerto Rico, we have decided to move our operations away from the island to focus on our sustainable growth strategy in other markets in the USA.” said Axel Thiemann, CEO of Sonnedix. “Puerto Rico will always be part of our growth story and we bring with us an important learning journey and the honour to have worked with a deeply committed and dedicated team of experts. We believe this is also an opportunity for both the assets and the team to expand and grow, within the Infinigen platform.”
Commenting on the transaction, ArcLight’s Managing Partner and Founder Dan Revers said, “This transaction represents the first acquisition by our Infinigen renewables platform – an attractive opportunity to back the premier renewable asset owner, operator and developer in Puerto Rico. ArcLight looks forward to supporting Infinigen’s mission to provide low-cost, renewable electricity to North American communities. Over its 20-year history, ArcLight has invested over $4 billion in 5 GW of renewable assets, and this transaction is testament to our continued commitment to enabling decarbonization and sustainability.”
The transaction is expected to close in two stages between December 2021 and March 2022, subject to customary regulatory approvals and closing conditions. On this transaction, Sonnedix was advised by DLA Piper as primary legal counsel, while Latham & Watkins served as primary legal counsel to ArcLight. /Ends.

About Sonnedix
Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, with a total capacity of over 4.7GW, including a development pipeline of more than 2GW. Sonnedix continues to expand its global footprint across OECD countries, with almost 350 solar plants in operations, as well as several hundred MW under construction or various development stages in Italy, France, Spain, USA/, Chile, South Africa and Japan.
contact: comms@sonnedix.com www.sonnedix.com

About ArcLight
Arclight Capital Partners, LLC is one of the leading energy infrastructure firms. Founded in 2001, the firm helped pioneer an asset-based approach to investing in the energy sector. ArcLight has invested approximately $25 billion in 113 transactions since inception. Based in Boston, the firm’s investment team employs a hands-on value creation strategy utilizing its in-house technical, operational, and commercial specialists, as well as the firm’s approximately 1,500-person asset management affiliate. ArcLight has a deep track record of investing in businesses and assets that contribute to a decarbonized future, closing its first renewable power deal in 2003 with over $4 billion invested in renewable power transactions since then. We believe that ArcLight’s two decades of power and renewables experience, as well as our deep track record across the energy value chain, provide differentiated insights that will help us and our partners contribute to a net zero future. More information about ArcLight and a complete list of ArcLight’s portfolio companies can be found at https://www.arclight.com

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3i European Operational Projects Fund agrees to invest in NEoT Green Mobility

3I

3i Group plc (“3i”) announces that the 3i European Operational Projects Fund (“3i EOPF” or “the Fund”) has agreed to invest c.€30m in NEoT Green Mobility (“NGM”) to fund its pipeline of future projects. 3i EOPF is investing alongside Mirova and will join existing shareholders EDF and Banque des Territoires. Following this transaction, the Fund is c.70% committed.

NGM offers turnkey zero-emission transportation leasing and services solutions to public authorities and transport operators.  NGM owns and leases assets such as electric buses and electric coaches, batteries for use in electric vehicles, and electric vehicle charging infrastructure. Today, NGM has over €40m assets under management, under mid- to long-term contracts, mainly in France and the UK, and aims to expand across Western and Northern Europe.

Stephane Grandguillaume, Partner at 3i in charge of origination for the Fund, commented: “This is an attractive opportunity for 3i EOPF to invest in the green mobility sector in Europe. NGM’s projects play a central role in the energy transition. We believe its pipeline will grow rapidly as the roll-out of electric buses and coaches accelerates.”

3i EOPF, which is managed by 3i’s infrastructure team, is a €456m fund investing in operational projects across Europe, with a focus on France, the Benelux, Germany, Italy and Iberia.  It targets a wide range of sub-sectors, primarily social infrastructure and transportation, but also telecoms and utilities.  It aims to provide long-term yield to institutional investors.

 

Download this press release  

 

– Ends –

 

For further information, contact:

3i Group plc
Thomas Fodor
Limited Partner enquiries		 Tel: +44 20 7975 3469
Email: thomas.fodor@3i.com
Kathryn van der Kroft
Media enquiries		 Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com
Silvia Santoro
Shareholder enquiries		 Tel: +44 20 7975 3285
Email: silvia.santoro@3i.com

 

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

About 3i’s Infrastructure business

3i is a leading infrastructure investor, with a track record of investing in infrastructure since 1987. The team of over 35 investment professionals manages or advises c.£4.9 billion of assets through a number of infrastructure investment vehicles, including 3i Infrastructure plc, 3i EOPF, 3i MIA, BIIF and 3i India Infrastructure Fund.

 

Heuliez_Bus_GX_Linium_n°429_de_Cannes new.jpg

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DIF Capital Partners invests in sustainability and energy solutions with acquisition of Bernhard, LLC

DIF

DIF Capital Partners (“DIF”), a leading global independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, today announced an agreement to acquire Bernhard, LLC (“Bernhard”) the largest privately-owned Energy-as-a-Service (“EaaS”) solutions company in the United States, from an affiliate of Bernhard Capital Partners.

Bernhard has provided solutions to its customers’ energy and infrastructure needs for more than 100 years and shifted its focus in 2014 to becoming a leading Energy-as-a-Service provider. As part of this business model, Bernhard enters into long-term turnkey EaaS concession contracts to upgrade, retrofit and service large existing building energy facilities in order to achieve substantial energy savings. Clients are currently predominantly higher education and healthcare institutions. To date, Bernhard has closed 15 EaaS transactions, including the largest EaaS concession in U.S. history. Senior management will retain a meaningful ownership position and continue its groundbreaking work leading Bernhard.

“Bernhard delivers distributed energy through its unique EaaS model which provides clients access to fully integrated and efficient energy solutions, thereby significantly reducing the carbon footprint of their buildings and utility systems. Bernhard’s approach fits perfectly with DIF’s Public-Private Partnership expertise and ambition to invest in clean energy infrastructure solutions around the globe.” said Gijs Voskuyl, Partner and Head of Investments for DIF Infrastructure VI. “We are excited to partner with Bernhard’s outstanding management team and support the company in their rapid growth at the forefront of the energy transition.”

“As Bernhard continues pushing to new heights in the EaaS market, we are excited to join forces with DIF Capital Partners given its extensive experience with Public-Private Partnerships, district energy, Energy-as-a-Service projects, and a shared commitment to efficiency, ESG and sustainability” said Ed Tinsley, Bernhard CEO. “The support and strategic counsel from DIF will help to guide Bernhard through the next chapter of our story.”

With DIF’s acquisition of Bernhard, the company will continue the acceleration of its market leading core EaaS business to healthcare and higher education facilities while expanding those services to other markets and geographies.

“The future of Bernhard has never been brighter,” said Tinsley. “Our track record proves we have the expertise and capabilities to push the industry to places it has never been before. With this announcement, we are truly at the forefront of a new era for energy solutions that will shape the world for generations to come.”

About Bernhard

Bernhard, a portfolio company of Bernhard Capital Partners, is a leading Energy-as-a-Service company delivering turnkey projects and custom solutions in the United States with 100+ years of energy and infrastructure project experience servicing higher education, healthcare, commercial and specialty markets. Bernhard combines development, financing, design, construction and operations to deliver turnkey Energy-as-a-Service solutions that reduce energy use, risk and cost so that our clients can focus on their everyday work. Headquartered in Metairie, Louisiana, Bernhard has more than 2,000 employees in more than 20 office locations across the country. For more information, visit bernhard.com.

About DIF Capital Partners

DIF Capital Partners is a leading global independent fund manager, with more than €9.0 billion in assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF has invested in more than 100 Public-Private Partnership projects over the past 16 years in sectors such as healthcare, government, and education, where the provision of energy, management of energy systems and efficiency of outputs are often a key feature of projects. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas, and Australasia through two complementary strategies:

  • Traditional DIF funds, of which DIF Infrastructure Fund VI is the latest vintage, target equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.
  • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy, and transportation sectors.

DIF Capital Partners has a team of over 170 professionals, based in ten offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

Contact:
Allard Ruijs, Partner
Email: a.ruijs@dif.eu

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bp leads $25m Series A round in EV ride-hailing and charging start-up BluSmart

BP Ventures
  • BluSmart is India’s first and largest integrated EV ride-hailing and charging business
  • It is bp venture’s first direct investment in India and tenth in the mobility space
  • The investment will help BluSmart bring its electric vehicles and charging stations to five major cities

bp ventures has made its first direct investment in India, investing $13 million in integrated EV ride-hailing and charging company BluSmart. It led a $25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors.

 

BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years. The investment will help bp move towards becoming a leader in India’s mobility market, and to provide integrated energy and mobility solutions to help customers reduce their emissions across the world.

 

BluSmart is India’s first and largest integrated EV ride-hailing and charging company, and aims to deliver safer, cleaner and more sustainable mobility. It is the first service of its kind with no surge pricing or rides rejected by drivers. Safety and cleanliness are paramount in the Indian market, and customers can view the last time each car was sanitised and driver vaccination status via the BluSmart app. The company also removes the financial burden of vehicle ownership by leasing vehicles to drivers and oversees all vehicle maintenance, to help reduce driver stress.

 

“Our partnership is underpinned by shared values; caring for customers, colleagues and the environment, and with safety at the core of everything we do.”

Richard Bartlett, SVP future mobility & solutions

 

India is now the third-largest startup market globally and its GDP is projected to be the world’s third largest by 2030. Yet with 35 of the top 50 most polluted cities globally, there’s a huge need for low carbon technologies to help make that growth compatible with its climate ambitions.

 

Urbanization is also increasing rapidly, with the UN projecting that India’s urban population size will nearly double from 2018 to 2050, potentially creating further congestion and environmental challenges that electric ride-hailing can help play a part in improving.

 

The industry is forecast to grow significantly, with mobility as a service projected to make up 15% of the 1.1 trillion kilometres to be travelled by passenger vehicles in India by 2030, compared to 5% of the 477 billion kilometres travelled today.

 

With the largest EV charging infrastructure in India and a growing fleet of electric vehicles, BluSmart aims to transform ride hailing in the country. The business is growing quickly in Delhi NCR, which represents 20% of India’s mobility market, which BluSmart estimate has already saved over approximately 1,500 tonnes of CO2, with more than 650,000 passenger trips completed to date.

 

Richard Bartlett, SVP future mobility & solutions, said: “The electric mobility revolution will have a huge impact in reducing vehicle emissions in cities, which in India are growing quickly. BluSmart’s business model solves a number of key barriers to urban EV ride-hailing take-up, from the cost for drivers to the quality of customer experience. Our partnership is underpinned by shared values; caring for customers, colleagues and the environment, and with safety at the core of everything we do. We are excited to have made our first direct investment in India, to grow alongside the BluSmart business.”

 

Anmol Singh Jaggi, co-founder of BluSmart, added: “We believe that electric mobility has huge growth potential, driven in part by the increasingly favourable economics behind electric vehicles. With that in mind we want to redefine ride-hailing with electric vehicles, and our consumer focus has helped us to already establish a strong brand presence in our core market; to date our vehicles have travelled over 21 million kilometres. This latest funding infusion will help us grow as we work with bp to help transform India’s high-polluting cities and redefine ride-hailing with electric vehicles.”

 

Sophia Nadur, managing partner at bp ventures, will join BluSmart’s board. To date, bp ventures has invested almost $800m in more than 60 companies across seven geographies.

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Latour invests in global leading supplier of battery chargers – CTEK

2021-09-07 07:32

Investment AB Latour (publ) has today committed to acquire 31.0 percent of the shares in CTEK AB for 69 SEK per share, corresponding to a total of SEK 1,054 m. The acquisition of the shares is coinciding with the company’s planned IPO on Nasdaq Stockholm, which is expected in the second half of September, 2021.

CTEK is the leading global supplier of premium low voltage chargers and the second largest EVSE product supplier in Sweden. CTEK has its headquarters in Vikmanshyttan, Sweden. The company is currently represented in more than 70 countries and employing 170 employees.

Göteborg, 7 September, 2021

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Johan Hjertonsson, CEO, 0702 29 77 93

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 90 billion. The wholly-owned industrial operations has an annual turnover of SEK 16 billion.

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