Exclusive Financial Adviser to Numbat on the SPV Financing of Charging Infrastructure by PATRIZIA and a Syndicate of Lenders
- November 7, 2023
Oppenheimer’s European Investment Banking Team is pleased to have acted as Exclusive Financial Adviser to Numbat on the financing of 400 ultrafast EV charging stations by PATRIZIA Infrastructure and a banking syndicate led by DAL (Deutsche Anlagen-Leasing)
On 31 October 2023, Numbat GmbH (“Numbat”) and PATRIZIA Infrastructure (“PATRIZIA”) closed a transaction with a total investment volume of over EUR 140m for the financing of an ultrafast EV charging rollout programme in the form of an SPV. PATRIZIA is investing over EUR 70m through its European Infrastructure fund series, alongside a c. EUR 70m debt facility provided by a syndicate of German banks led by DAL (Deutsche Anlagen-Leasing). Oppenheimer Europe Ltd. (“Oppenheimer”) acted as exclusive financial adviser to Numbat.
The investment will finance the rollout of 400 ultrafast Numbat EV charging stations at locations of the supermarket chain Tegut (Migros Group) across Germany. In addition to the SPV financing, PATRIZIA has provided a convertible loan note to Numbat.
The transaction reinforces Oppenheimer’s position as a trusted financial adviser in the European cleantech space and our capabilities to support on complex transaction structures. This follows Oppenheimer advising among others FuelCell Energy, Plug Power and ChargePoint on various transactions including ChargePoint’s acquisition of has·to·be.
Numbat is cleantech company founded by Dr.-Ing. Maximilian Wegener and Martin Schall headquartered in Kempten (Allgäu), Germany. With funding, existing contracts and the right technology, Numbat is on its way to becoming the European market leader in the field. The Numbat charging stations smartly combine ultrafast charging, battery storage and advertising solutions. This state-of-the-art EV charging technology enables faster adoption without the need for expensive grid updates, utilization and storage of locally sourced green energy like on-site PV systems and targeted advertising displays at highly-frequented locations. Numbat already secured contracts with leading German retail companies such as hagebaumarkt, NORMA and EURONICS to install and operate thousands of charging points and sustainably enable the electrification of mobility
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