News and Deals
News and Deals
Linklaters has advised Osprey Charging on its £110 million debt raise. Cube Infrastructure and Investec-backed Osprey is one of the UK’s largest owners of public electric vehicle (EV) charging points. The debt facilities are provided by a group of financial institutions including Novuna Business Finance (Hitachi Capital), Société Générale, Aldermore and the UK Government’s National Wealth Fund.
This financing represents a landmark transaction for the rapidly maturing EV charging sector and supports Osprey’s mission to accelerate the rollout of reliable, super-fast EV charging hubs at key locations across the UK.
The Linklaters team was led by Energy & Infrastructure partner Ross Schloeffel, with managing associate Imogen Ormerod and associates Clarissa Wei and Paras Marya.
Ross Schloeffel comments:
“We are delighted to have advised Osprey on this landmark financing – among the first for EV charging businesses globally. Bringing together UK and international financial institutions, the success of the financing highlights the growing maturity of the EV Charging sector and its emergence as critical infrastructure in the UK and beyond.”
Linklaters continues to act as a leading law firm for debt finance in the energy and infrastructure sector, advising on innovative and complex financings for sponsors, lenders and investors across the globe.
Recent highlights of Linklaters’ work in the electric vehicle sector include: