Pantheon Infrastructure PLC Investment in UK Energy Efficiency Company (6994L)
07 Settembre 2023 - 8:48AM
UK Regulatory
TIDMPINT
RNS Number : 6994L
Pantheon Infrastructure PLC
07 September 2023
7 September 2023
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PANTHEON INFRASTRUCTURE PLC
Investment in UK Energy Efficiency Company
Pantheon Infrastructure PLC ("PINT" or the "Company"), the
listed global infrastructure fund, has committed to invest
approximately GBP35m in battery storage and electric vehicle fleet
specialist Zenobe, through a co-investment vehicle managed by
Infracapital , a leading European infrastructure investor that has
raised and managed over GBP7bn in assets.
Zenobe provides essential infrastructure that contributes to
international power and transport sector decarbonisation targets.
In addition to providing electrification solutions for vehicle
fleet owners, its batteries help balance the supply of renewable
energy on the grid. At the end of their lifecycle Zenobe repurposes
the batteries for further use, thus contributing to the building of
a circular economy. Since the company was founded in 2017, it has
delivered 435MW of grid-connected battery capacity, and has
provided bus operators with c.1,000 electric vehicles under a
leasing structure.
The company has fast-growing operations in the UK, Australia,
New Zealand and Benelux, with its international headquarters in
London. In the UK, Zenobe is a leading owner and operator of
battery storage, supporting National Grid with the uptake of
renewable power and working with the major bus companies to power
the UK e-bus market.
Richard Sem, Partner at Pantheon, PINT's investment manager,
commented:
"We are thrilled to announce this latest transaction in a highly
attractive sub-sector, which brings more diversification to PINT's
portfolio. Renewables and energy efficiency assets continue to
benefit from strong tailwinds, especially given the need to
transition to net zero. We are delighted to partner with a
high-quality sponsor on this transaction and look forward to
working with Infracapital to deliver returns for our investors from
this asset going forward."
For further information, contact:
Pantheon Ventures (UK) LLP +44 (0) 20 3356 1800
Investment Manager pint@pantheon.com
Richard Sem, Partner
Harriet Alexander, Vice President
Investec Bank plc
Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate
Finance) +44 (0) 20 7597 4000
TB Cardew +44 (0) 20 7930 0777
Public relations advisor pint@tbcardew.com
Ed Orlebar +44 (0)7738 724 630
Tania Wild +44 (0)7425 536 903
Henry Crane +44 (0)7918 207 157
Notes to editors
Pantheon Infrastructure PLC (PINT)
Pantheon Infrastructure PLC is a closed-ended investment company
and an approved UK Investment Trust, listed on the Premium Segment
of the London Stock Exchange's Main Market. Its Ordinary Shares
trade under the ticker 'PINT'. The independent Board of Directors
of PINT have appointed Pantheon, one of the leading private markets
investment managers globally, as investment manager. PINT aims to
provide exposure to a global, diversified portfolio of high-quality
infrastructure assets through building a portfolio of direct
co-investments in infrastructure assets with strong defensive
characteristics, typically benefitting from contracted cash flows,
inflation protection and conservative leverage profiles.
Further details can be found at
www.pantheoninfrastructure.com
LEI 213800CKJXQX64XMRK69
Pantheon
Pantheon is a leading global private markets specialist with
dedicated strategies across private equity, real assets and private
credit, with 40 years' experience sourcing and executing investment
opportunities on behalf of clients. Pantheon manages or advises on
US$93.4 billion of assets (as at 31 March 2023) and employs more
than 460 staff, including around 140 investment professionals,
across offices in London, San Francisco, New York, Chicago, Hong
Kong, Seoul, Bogotá, Tokyo, Dublin, Berlin and a presence in Tel
Aviv.
Further details can be found at www.pantheon.com.
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