Founded in 2012, Fastned is a leading Dutch developer and operator of fast and ultra-fast (150-300 kW power delivered) charging stations for electric vehicles. Since 2019, Fastned is listed on Euronext Amsterdam (market capitalization of EUR 570 million).
At the end of the third quarter of 2022, Fastned’s network consisted of 1,002 chargers across 214 stations located in the Netherlands, Germany, Belgium, France, Switzerland, and the United Kingdom. The company has also secured 145 additional locations which are currently under development.
Schroders Capital provides investors with access to a broad range of private asset investment opportunities, portfolio building blocks and customised private asset strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes. The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration, and integrity. With USD 88 billion (GBP 69.4 billion) assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure.
On October 16th 2022, Schroders Capital, the private markets investment division of global asset manager Schroders, realized an equity investment of EUR 75 million which came in the form of private placement of 2,032,520 new depositary receipts. They were issued at EUR 36.90 each and represent the same number of new ordinary shares in Fastned’s capital structure, providing Schroders Capital with a 10.61% post-closing stake in the company.
Schroders Capital will be represented in the supervisory board of Fastned through one additional supervisory board member, bringing valuable additional energy and infrastructure-related expertise to the company.
Private Placement proceeds will be used to support Fastned’s growth strategy aimed at reaching 1,000 stations by 2030, expanding the capacity of existing chargers, as well as funding the capital expenditures for government-related tenders.
CASE Corporate Finance, and its partner ABN-AMRO, acted as sole financial adviser to Schroders Capital with respect to this transaction.
- CASE Corporate Finance expertise in the Transport Infrastructure and Mobility sectors
- CASE Corporate Finance track record in advising infrastructure investors
- CASE Corporate Finance ability to lead cross-border transactions, notably between France and Benelux
- CASE Corporate Finance understanding of listed transactions