The investment, to be deployed as part of Antin’s NextGen strategy, will help power the transportation infrastructure of tomorrow, through accelerating key sustainability goals across Europe

PARIS & LONDON & NEW YORK, May 18, 2022--(BUSINESS WIRE)--Regulatory News:

Antin Infrastructure Partners (Paris:ANTIN) announced today that its NextGen investment platform has signed with Power Dot, Arié Group and other current shareholders an investment agreement where Antin will acquire a co-controlling stake in Power Dot, a leading European owner-operator of destination and en-route electric vehicle (EV) charging infrastructure.

Founded in Portugal in 2018, Power Dot rapidly expanded into France, Belgium, Luxembourg Spain and Poland to now comprise a network of approximately 5,000 charging points1 in high-traffic tier 1 public locations. This extensive and steadily growing network has been built through Power Dot’s commercial partnerships with large retailers, shopping centres, motorway service stations and fleet operators.

Since inception, Power Dot’s EV chargers have powered more than 26 million fully electric driven kilometers, representing the equivalent of over 4,000 tonnes of CO2 avoided, thereby furthering the EU’s overall aim of reducing greenhouse gas emissions by 90% by 2050.

Antin’s investment to be deployed within the firm’s Nextgen strategy follows the recently announced investment into smart grid developer SNRG. Both investments demonstrate Antin’s commitment to building a portfolio of sustainable and scalable next generation infrastructure companies.

Antin will contribute to the growth of the already strong network of EV charging stations installed and operated by Power Dot. Antin’s team will work closely with the group’s experienced management team to assist in further expanding Power Dot’s EV charging portfolio through enhancing its footprint with existing commercial partners and by further developing Power Dot’s robust pipeline of new locations. Through its ambitious growth plans, Power Dot is well positioned to help usher in the widespread adoption of EV by providing affordable and sustainable fast charging stations in key public locations throughout Europe, thus further contributing to the decarbonisation of transport.

Luis Santiago Pinto, co-founder and CEO of Power Dot stated: "Destination charging is amongst the fastest growing segments by demand, and also one where rapid charging needs are strongest. With strong political support aiming to ban the sale of internal combustion vehicles within the EU by 2035, EVs are expected to account for approximately 50% of passenger car production by 2030. In partnership with Antin, Power Dot is poised to capitalise on these strong market tailwinds that are creating a significant EV charging market."

Jose Sacadura, co-founder and General Manager of Power Dot, added: "Over the past few years, Power Dot has successfully rolled out its model across Europe. Given Antin’s successful track record in scaling platforms and its strong industrial approach, we have found the right partner to support us in accelerating our pan-European network expansion."

Nicolas Mallet, NextGen Partner at Antin commented: "Power Dot is exactly the sort of company that we envision for our NextGen strategy. Antin has always been at the forefront of identifying long-term market trends and NextGen is focused on the infrastructure of tomorrow. We look forward to working with the Power Dot team to further scale the company to its full potential."

The transaction is subject to customary approvals from competition authorities and is expected to close in late Q2 / early Q3 of 2022.

Orrick, Herrington & Sutcliffe acted as legal advisor to Antin, with UBS acting as its financial advisor. Linklaters acted as legal advisor to Power Dot and its current shareholders, with Improved CF acting as their financial advisor. EY teams assisted the parties on tax and financial aspects of the transaction.

About Power Dot Power Dot is one of the fastest-growing owner-operators of charging points for electric vehicles in Europe. Power Dot invests, installs and operates EV chargers with an innovative business model. Power Dot’s mission is to create a charging experience embedded in people’s lives by installing chargers in everyday, high-traffic locations where people naturally park their cars.

With support from the Arié Group and almost four years of operation, Power Dot has invested in hundreds of different locations and is now operating a diverse portfolio of shopping malls, large retailers, gas stations, business centers and municipalities. Power Dot operates in Portugal, Spain, France, Belgium, Luxembourg and Poland and aims to be a leader in destination charging in Europe.

About Antin Infrastructure Partners Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €22 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, telecom, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 175 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220518005515/en/

Media Contacts Antin Infrastructure Partners Nicolle Graugnard, Communication Director Email: nicolle.graugnard@antin-ip.com

Ludmilla Binet, Head of Shareholder Relations Email: shareholderrelations@antin-ip.com

Brunswick Email: antinip@brunswickgroup.com Tristan Roquet Montegon +33 (0) 6 37 00 52 57 Gabriel Jabès +33 (0) 6 40 87 08 14

Shares of the artificial intelligence lender Upstart Holdings (NASDAQ: UPST) traded more than 16% lower as of 11:14 a.m. ET today after it received yet another downgrade from Wall Street. Wedbush analyst David Chiaverini maintained his underperform rating on Upstart but lowered his price target from $20 to $15 per share. The lower price target comes just a week after Chiaverini lowered his price target on Upstart from $35 to $20.

Shares of Tesla (NASDAQ: TSLA) sank on Friday, declining as much as 10.8% at one point during the trading day. The electric-car maker stock's beating was likely driven primarily by a tough day in the market for many stocks -- particularly for growth stocks like Tesla. The stock's downward trend has largely been tied to investors' skittishness toward highly valued growth stocks.

Cathie Wood is a long-time Tesla bull, but the stock isn't the largest holding in Wood's ARK Innovation ETF anymore.

When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett buys or sells shares of a company, Wall Street and investors tend to pay close attention. Since becoming CEO in 1965, he's overseen the creation of more than $680 billion in shareholder value and delivered an average annual return of 20.1% for Berkshire's Class A (BRK.A) shareholders (himself included).

In this article, we discuss 6 stocks that Warren Buffett is selling in 2022. If you want to see more stocks that the billionaire sold, click Warren Buffett is Selling These 3 Stocks in 2022. Warren Buffett, the chief of Berkshire Hathaway, is perhaps the most renowned financier in the investment world, with decades of […]

Shares of Pfizer (NYSE: PFE) were up 2.5% as of 11:35 a.m. ET on Friday after jumping as much as 4% earlier in the day. Meanwhile, the stocks of two other COVID-19 vaccine makers were declining. Moderna's (NASDAQ: MRNA) shares were down 4.7%.

In this article, we discuss 10 financial stocks that Warren Buffett is buying in 2022. If you want to see more financial stock picks of the billionaire, click Warren Buffett is Buying and Holding These 5 Financial Stocks in 2022. Warren Buffett follows the Benjamin Graham school of thought, picking value plays with prices that […]

It's important to remember that as we watch the stock market crash and our personal net worth take a big hit. While that has certainly happened, it's important to note that the stock market isn't the economy.

Shares of Nvidia (NASDAQ: NVDA) continued to tumble on Friday, falling as much as 8%. Wells Fargo analyst Aaron Rakers lowered his price target on Nvidia to $250, down from $370, while maintaining his overweight (buy) rating on the stock, according to The Fly.

Rising interest rates, supply chain constraints and Russia’s invasion of Ukraine are all issues currently plaguing the macro climate. The problem with all three, says Tony Dwyer, Canaccord Chief Market Strategist, is that for each problem there’s “no easy exit strategy.” The tough conditions are likely to persist, then. However, on the plus side, while these issues have sent most corners of the stock market into a tailspin, now investors are presented with stocks for which the term “oversold” re

Yahoo Finance Live anchors discuss second-quarter earnings for Deere.

A bear market for the S&P 500? The stage certainly appears to be set for one, as equity benchmarks added to ugly weekly declines on Friday.

High-yield dividend stocks have been viewed more favorably than high-multiple growth stocks these days. After yet another month of excessive market-wide selling, the yields of many top dividend stocks are slightly richer. As the Fed raises interest rates further, growth and value could continue to get slammed. This week, the Fed signaled that it's more than willing to keep the rate hikes coming until inflation backs down, even if it means jeopardizing a "soft landing" and inflicting more pain in

Elon Musk got defensive over a meme suggesting he may be spending a little too much time on Twitter and not enough time on his electric vehicle company.

Bank of America strategists advise investors keep buying any bounces higher for the stock market, as capitulation isn't quite here yet.

The simultaneous decline of multiple asset classes is unusual. Here's what bottomed first 40 years ago.

Over the past month, the odds of a home price correction spiked. That's according to an analysis CoreLogic ran for Fortune this week.

(Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said the central bank should front-load an aggressive series of interest-rate hikes to push rates to 3.5% at year’s end, which if successful would push down inflation and could lead to policy easing in 2023 or 2024.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightElon Musk Gets Defensive Over Twitter Meme as Harassment Report SurfacesStocks Avert Bear Market, Slid

Harley says it is pausing the all of its production and shipments, except for its electric LiveWire line.

Nio (NYSE: NIO) shares began trading on the main board of the Singapore stock exchange today prior to the opening of the U.S. markets. After initially popping 20% early, the new shares ended up closing in Singapore about 2.4% higher, according to Barron's.