PATRIZIA, a private investment firm focused on real assets investments has entered into a binding agreement for a transaction of over €140m in an EV charging rollout programme in Germany, through its flagship European Infrastructure Fund series.
The deal significantly diversifies PATRIZIA’s infrastructure platform by sector and country, marking the company’s entry into EV charging as well as the first investment in Germany for its European Infrastructure Fund series.
The investment of over €70m from PATRIZIA, alongside a circa €70m debt facility provided by a syndicate of German banks led by DAL (Deutsche Asset Leasing), will finance the rollout of 400 ultrafast Numbat EV charging stations at 200 locations of organic supermarket chain Tegut across Germany. As part of the deal, PATRIZIA has provided a convertible loan note to Numbat, who is the specialist developer and operator of the high-power EV charging solutions. PATRIZIA has also secured the right to finance further Numbat EV charging rollout programmes across Europe.
PATRIZIA says the deal presents significant upside potential and attractive growth opportunities. In the underlying exclusive contract with Tegut, a long-term exclusivity with the supermarket chain has been agreed to install and operate EV charging stations at their current and future locations in Germany. The future expansion of Tegut’s rooftop solar will deliver locally produced renewable energy to the charging stations.
Numbat has a unique solution for the e-mobility sector with technology that combines ultrafast charging, battery storage and advertising screens. A Numbat charging station can produce up to 300 kW charging power and has up to 200 kWh battery storage. The integrated battery provides a number of advantages including a more efficient rollout without the requirement for lengthy and costly grid upgrades, while also enabling the development of integrated energy systems utilising locally sourced renewables and providing virtual power plant services.
PATRIZIA has been investing in mid-market European infrastructure since 2004 and has committed over €2bn across investments in a range of sectors including digital infrastructure, decarbonisation (notably bioenergy, waste-to-energy, & district heating), transport, and social infrastructure.
