M&A Deal Summary

Zouk Capital and Liberty Global Acquire Believ

On May 1, 2020, private equity firm Zouk Capital and Liberty Global acquired business services company Believ

Acquisition Highlights
  • This is Zouk Capital’s 1st and Liberty Global’s 1st transaction in the Business Services sector.
  • This is Zouk Capital’s 4th and Liberty Global’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2020-05-01
Target Believ
Sector Business Services
Buyer(s) Zouk Capital
Liberty Global
Deal Type Joint Venture

Target

Believ

London, United Kingdom
Believ is an electric vehicle (EV) charge point operator (CPO) on a mission to deliver cleaner air for all. It installs, operates and maintains all speeds of publicly accessible charge points at zero cost to both public and private hosts. Believ is based in London, United Kingdom.

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Buyer(S) 2

Buyer

Zouk Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Zouk Capital is a private equity and infrastructure fund manager investing in the sustainable economy. Zouk's strategy is to capitalize on the investment opportunities created by the global shift to greater resource efficiency. Zouk's Technology Growth team seeks to help commercially proven technology companies to accelerate growth, increase market share and create value. The Firm's Infrastructure investment group looks to finance the construction of new high-yielding assets, by acquiring, developing and funding late-stage renewable energy infrastructure projects. Zouk was established in 1999 and is headquartered in London.


DEAL STATS #
Overall 14 of 18
Sector: Business Services M&A 1 of 4
Type: Joint Venture M&A Deals 1 of 1
Country: United Kingdom M&A 4 of 8
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Trilliant

Cary, North Carolina, United States

Trilliant provides intelligent network solutions and software to utilities for advanced metering, demand response, and Smart Grid management in Europe, North America and Asia. Trilliant is based in Cary, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 char.gy

London, United Kingdom

char.gy is a charge point provider and operator for electric vehicles in the UK, managing over 3,600 public charge points. char.gy is committed to providing reliable, convenient and affordable charging infrastructure that is accessible to all, particularly the 40% of UK households without private driveways that rely on public charging. char.gy was founded in 2016 and is based in London, United Kingdom.

Buy -
Buyer

Liberty Global

London, United Kingdom

Category Company
Founded 2004
Sector Communications
Employees6,820
Revenue 4.3B USD (2024)
DESCRIPTION
Liberty Global's office in downtown Denver, Colorado.
Liberty Global's office in downtown Denver, Colorado.

Liberty Global is an international telecommunications and television company that delivers next-generation products through advanced fibre and 5G networks that connect 85 million subscribers across Europe and the United Kingdom. Liberty Global was founded in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 14 of 20
Sector: Business Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 4
Country: United Kingdom M&A 3 of 5
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Liberty Global - DTH satellite TV operations

Luxembourg

Liberty Global - DTH satellite TV operations serves about 800,000 customers in total in Hungary (under the brand UPC Direct), in the Czech Republic and Slovakia (under the brand freeSAT), and in Romania (under the brand FocusSat).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Liberty Global and Telefonica - UK Joint Venture

United Kingdom

Liberty Global and Telefonica - UK Joint Venture consists of Virgin Media and O2. The combination of Virgin Media and O2 will create a nationwide integrated communications provider with over 46 million video, broadband, and mobile subscribers and £11 billion of revenue.

Buy -