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InstaVolt will be acquired by EQT!
According to a statement released Tuesday, the private equity firm’s infrastructure unit has agreed to buy InstaVolt from Zouk Capital for an unknown price.
Carmakers in the United Kingdom are responding by pushing for the establishment of an independent regulator to monitor the country’s EV infrastructure drive, citing worries that long queues at charging stations could deter customers.
In a statement, Anna Sundell, partner and head of EQT Infrastructure’s U.K. consulting team, stated: “The future is electric.” “InstaVolt is critical to the implementation of electric vehicle charging infrastructure across the United Kingdom, which is required for broad adoption of electric vehicles.”
EQT was advised by RBC Capital Markets LLC, while Zouk was advised by UBS Group AG.