M&A Deal Summary

Infracapital Acquires Recharge

On May 1, 2020, infrastructure investor Infracapital acquired electrical equipment company Recharge from Fortum

Acquisition Highlights
  • This is Infracapital’s 1st transaction in the Electrical Equipment sector.
  • This is Infracapital’s 1st transaction in Norway.

M&A Deal Summary

Date 2020-05-01
Target Recharge
Sector Electrical Equipment
Buyer(s) Infracapital
Sellers(s) Fortum
Deal Type Divestiture

Target

Recharge

Moss, Norway
Recharge is a charge point operator (CPO) that owns and operates a network of EV charging stations. Recharge offers charging services to both individual EV drivers and to other companies in the e-mobility sector. Recharge was founded in 2012 and is based in Moss, Norway.

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Buyer(S) 1

Buyer

Infracapital

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 6.8B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Infracapital is a private investment group focused on acquiring and investing in infrastructure assets and projects across the UK and continental Europe. The Firm looks to acquire controlling stakes in a variety of assets including greenfield, brownfield, and communications infrastructure. Infracapital was established in 2001 and is headquartered in London.


DEAL STATS #
Overall 11 of 16
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Norway M&A 1 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Fibrus

Northern Ireland, United Kingdom

Fibrus is a provider of fibre broadband network and Fibre-to-the-Premises ("FTTP"). Fibrus has designed a brand new hyperfast and reliable “full fibre” broadband service which delivers a full fibre optic cable all the way to the premises. Fibrus was founded in 2018 and is based in Northern Ireland, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 Adven

Vantaa, Finland

Adven is an industrial and commercial outsourced energy infrastructure and services provider in Sweden and Estonia. Adven holds long-term contracts to build, own and operate plants producing process steam, heat and cold at its clients’ production facilities. In addition to the tailored energy solutions. Adven was founded in 2011 and is based in Vantaa, Finland.

Sell -

Seller(S) 1

SELLER

Fortum

Espoo, Finland

Category Company
Founded 1998
Sector Utilities
Employees4,620
Revenue 5.8B EUR (2024)
DESCRIPTION

Fortum creates energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Fortum was founded in 1998 and is based in Espoo, Finland.


DEAL STATS #
Overall 8 of 9
Sector: Electrical Equipment M&A 2 of 2
Type: Divestiture M&A Deals 8 of 9
Country: Norway M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Gasnatet Stockholm

Stockholm, Sweden

Gasnatet Stockholm owns gas transmission network in the Stockholm region and is involved in the development, operation and maintenance of them. Gas network currently consists of about 60 mil for natural gas pipes in Stockholm, Solna and Sundbyberg and a 4 mil long vehicle gas. Gasnatet Stockholm is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Fortum - District Heating Platform

Espoo, Finland

Fortum's District Heating Platform operates across Estonia, Latvia, and Lithuania has 74 generation assets, which generate a heat capacity of 881 MW and a power capacity of 130 MW across 387 kilometers of district heating networks. The District Heating Platform's fuel is largely derived from renewable or recycled sources, mainly biomass. Growing demand for district heating is being driven by several transformative trends in the region, including fast-growing economies and urbanizing populations, as well as rising support for sustainable energy initiatives.

Sell -