Meridiam Takes Full Control of Allego with Delisting and Fresh Capital Meridiam, a leading global investment firm specializing in sustainable infrastructure, has announced the completion of its acquisition of Allego, a pioneer in global electric vehicle (EV) charging infrastructure. The transaction involved Meridiam acquiring all outstanding shares of Allego from its existing shareholders, including Macquarie Capital, Mitsui & Co., and Eneco Group. Following the acquisition, Allego will be delisted from the Euronext Amsterdam stock exchange. Concurrently, Meridiam has also provided Allego with a significant fresh capital injection to accelerate its growth and expansion plans. The capital will be used to invest in new charging stations, expand existing networks, and enhance Allego’s digital platform and services. Transforming the EV Charging Ecosystem The acquisition and investment in Allego represent Meridiam’s strategic commitment to shaping the future of sustainable transportation. Allego operates one of the largest public EV charging networks in Europe, with over 30,000 charging points across 13 countries. By combining Meridiam’s expertise in infrastructure development and investment with Allego’s leading position in EV charging, the partnership aims to: * Drive the rapid expansion of EV charging infrastructure across Europe and beyond. * Innovate and deliver cutting-edge charging technologies and solutions. * Create a seamless and reliable charging experience for EV drivers. Focus on Sustainability and Inclusivity Meridiam is committed to ensuring that Allego’s growth is aligned with its core values of sustainability and inclusivity. The company plans to: * Invest in renewable energy sources to power EV charging stations and reduce carbon emissions. * Enhance accessibility and affordability of EV charging for all drivers, regardless of their socio-economic status. * Promote diversity and inclusion within the Allego workforce and the broader EV charging industry. Quotes “We are delighted to welcome Allego into the Meridiam family,” said Thierry Déau, Global CEO of Meridiam. “This acquisition aligns perfectly with our strategy to invest in transformative infrastructure that supports the transition to a greener and more sustainable future.” Anja van Niersen, CEO of Allego, said: “We are thrilled to join forces with Meridiam. Their expertise and capital will empower us to accelerate our growth and deliver on our mission of making EV charging accessible and convenient for everyone.” Conclusion Meridiam’s acquisition and investment in Allego is a major step towards transforming the EV charging ecosystem and accelerating the adoption of sustainable transportation. The partnership combines expertise, capital, and a shared commitment to sustainability to shape the future of mobility.Meridiam to Acquire Remaining Shares of Allego, Take Company PrivateMeridiam to Acquire Remaining Shares of Allego, Take Company Private Meridiam, a global energy and infrastructure company, has announced that it will acquire the remaining shares of Allego and contribute €310 million towards the company’s growth. Allego will cease trading on the New York Stock Exchange, and Meridiam will invest an additional €46 million in its charging network in Germany. Reasons for Delisting Meridiam and Allego believe that the current public listing hinders the company’s growth plans due to: * Low trading liquidity and share price volatility * Limited analyst coverage * Lack of competitive capital access for electric vehicle charging station operators Benefits of Delisting The delisting is expected to provide Allego with: * A wider range of funding options * A more efficient capital structure * Increased flexibility for growth Shareholder Offer Meridiam will offer $1.70 per share to shareholders not affiliated with Meridiam, a 131% premium over Allego’s closing price on June 14. Shareholders who choose not to sell will remain investors in the unlisted company. Transaction Timeline The transaction is not subject to financing conditions or regulatory approval. Statements from Management “We have supported Allego since our initial investment in 2018,” said Emmanuel Rotat, Director of Meridiam. “We believe that operating privately, with Meridiam as the majority shareholder, will position Allego for its next phase of growth.”Meridiam Acquires Full Control of Allego with Delisting and Capital Injection Paris, France – Infrastructure investment firm Meridiam has completed the acquisition of full control of renewable energy company Allego, effective today. The transaction, valued at €1.2 billion, was finalized through a delisting of Allego from the Euronext Amsterdam stock exchange and a substantial capital injection from Meridiam. Under the new ownership structure, Meridiam will hold 90% of Allego’s shares, while energy companies Shell and EVBox will each retain a 5% stake. Meridiam’s investment will support Allego’s growth plans, including the expansion of its electric vehicle charging network, development of new charging technologies, and acquisition of strategic assets. Allego operates over 29,000 public electric vehicle charging stations across Europe, making it one of the largest operators in the region. The company aims to further accelerate the transition to electric mobility and contribute to a more sustainable future. Meridiam is a leading investor in sustainable infrastructure with a track record of supporting companies driving the energy transition. The firm’s acquisition of Allego reflects its commitment to supporting the growth of clean energy solutions. The completion of the transaction marks a significant step for Allego, providing it with the resources and expertise to execute its ambitious growth strategy. The company intends to continue expanding its charging network, enhancing its digital services, and providing innovative solutions to meet the evolving needs of electric vehicle owners.