CMS has advised InstaVolt on its acquisition of the GeniePoint electric vehicle charging network from Equans EV Solutions Limited, comprising more than 220 additional sites. The acquisition (which remains subject to satisfaction of customary conditions) will, significantly expand InstaVolt’s national footprint and strengthen its position as one of the UK's leading ultra-rapid public charging networks.
CMS also advised InstaVolt on the divestment of its Iberian portfolio of electric vehicle charging locations to Powerdot. The transaction involved the sale of InstaVolt's Spanish and Portuguese businesses and was delivered in accordance with a tight timeframe through close collaboration across CMS's London, Lisbon and Madrid offices.
Together, the deals enable InstaVolt to recycle capital into its core UK and Ireland markets, accelerating both organic growth and strategic acquisitions in a sector that is central to the energy transition.
Doug Land, CMS Corporate Partner, comments: “We are delighted to have supported InstaVolt on these important and strategically complementary transactions. These deals act as a vote of confidence for the UK market and demonstrate InstaVolt’s focus on building a trusted, next-generation charging network as enablers of the energy transition. Given our firm’s international footprint and deep sector expertise, CMS is well-placed to deliver innovative, cross-jurisdictional work in this sector.”
The CMS UK team was led by Doug Land and included Vitalii Mainarovych and Adam Fenby-Betts (Corporate); Daniel Kaufman and Joel Padi (Energy & Climate Change); and Jason Todd (Tax). Additional support was provided by André Guimarães, Francisco Verdelho and João Caldeira from CMS Portugal; and Alfonso Codes and Ana López Bermejo from CMS Spain.
