Eight Advisory carried out the financial due diligence on behalf of Driveco in the context of its fundraising with APG
12 May 2023
12 May 2023
Eight Advisory has supported Driveco, a leading innovative French electric vehicle chargoing company in the context of its historic €250 million fundraising from Dutch pension fund manager APG. This is a key milestone for the company, whose objective is to operate more than 60,000 charging points in Europe by 2030.
Driveco, has successfully finalized a record €250 million fundraising round in the electric charging point sector in France with the entry of Dutch pension fund manager APG as a new shareholder. Legacy investors Mirova, a subsidiary of Natixis Investment Managers, which specialises in sustainable finance through its Mirova Eurofideme fund, and Corsica Sole retain their majority stake in the company’s capital.
“We are extremely happy to have accompanied French success story Driveco through this historic fundraising process in a sector that currently drives significant interest from investors” said Guillaume Catoire, transaction services and infrastructure partner at Eight Advisory.
Eight advisory participants in this transaction:
- Guillaume Catoire, Partner – Transaction Services, Infrastructure & Project Finance
- Robin Blanc, Manager – Transaction Services, Infrastructure & Project Finance