Stuart Schofield
Opus Corporate Finance
Ecotricity
Deal Type
Company sale
Sector
Industrials
Completion Date
4th June 2021
Deal Value
Not disclosed
Company Background
Ecotricity is a green energy company that developed the Electric Highway, the UK’s first nationwide electric vehicle charging network. Established in 2011, the network covers motorways and other strategic roads and has played a key part in supporting early adopters of electric cars in the UK..
Deal Summary
Opus Corporate Finance LLP is delighted to have advised Ecotricity on the sale of the Electric Highway, the UK’s first nationwide electric vehicle charging network.
GRIDSERVE’s acquisition will lead to a major upgrade of the network, transforming electric vehicle charging facilities on Britain's motorways and major roads. The upgrade will be funded by Hitachi Capital, a shareholder in GRIDSERVE.
This is an important development in the UK EV charging market and is Opus’ second major transaction in the sector having also advised ChargePoint Services on its sale to Engie.
