Meridiam Takes Full Control of Allego with Delisting and Fresh Capital Paris, France – July 5, 2023 – Meridiam, the global investment and sustainable development company, has announced the completion of its acquisition of Allego, the leading European electric vehicle (EV) charging network company. The acquisition, which includes the delisting of Allego from the Euronext Amsterdam stock exchange, provides Meridiam with full control of the company. To support Allego’s continued growth and expansion, Meridiam has also committed to providing fresh capital to the company. “We are thrilled to have Allego fully integrated into the Meridiam portfolio,” said Thierry Déau, CEO of Meridiam. “This acquisition marks a significant milestone in our strategy to accelerate the transition to a more sustainable and connected world.” Allego operates a network of over 35,000 charging stations across Europe, providing EV drivers with convenient and reliable access to charging infrastructure. The company has a strong track record of growth and innovation, and Meridiam intends to leverage its expertise to further expand Allego’s reach and services. “Meridiam’s investment and support will enable us to accelerate our growth plans and enhance our offerings to EV drivers,” said Matthieu Bonnet, CEO of Allego. “We are excited about this new chapter and the opportunity to play a leading role in the development of sustainable mobility.” The acquisition of Allego is part of Meridiam’s broader strategy to invest in sustainable infrastructure and technologies. The company has a proven track record of managing and developing successful projects in the areas of energy, water, and mobility. With the addition of Allego, Meridiam strengthens its position as a global leader in the EV charging sector. The company will continue to invest in and support Allego’s expansion plans, providing essential infrastructure for the growing number of EV drivers in Europe.Meridiam Acquires Remaining Allego Shares, Delisted from NYSEMeridiam Acquires Remaining Allego Shares, Delisted from NYSE Meridiam, a global investment firm, has announced the acquisition of the remaining shares of Allego, a leading electric vehicle (EV) charging network provider. As part of the deal, Meridiam will contribute 310 million euros for Allego’s growth and contribute an additional 46 million euros for its charging network in Germany. Exit from Public Market Allego will cease trading on the New York Stock Exchange (NYSE) as Meridiam believes that the current listing hinders the company’s growth plans. The company has faced limited analyst coverage, low trading liquidity, and competitive funding costs. Rationale for Delisting Meridiam and Allego expect the delisting to provide Allego with access to more favorable funding options and a more efficient capital structure. This will support the company’s growth plans and allow it to operate more effectively in a private context. Shareholder Offer Meridiam will offer a purchase price of $1.70 per share to all shareholders not affiliated with the company, representing a premium of 131% over Allego’s closing share price on June 14. Shareholders who do not wish to sell their shares will remain investors in the unlisted company. No Conditions Attached The transaction is not subject to a minimum number of common shares being offered or any financing or regulatory approvals. Meridiam’s Commitment Emmanuel Rotat, director of Meridiam, expressed confidence in Allego’s growth potential and stated that operating in a private context with Meridiam as the majority shareholder will support the company’s next phase of growth.Meridiam has taken full control of Allego with delisting and fresh capital. The French infrastructure investment firm acquired the remaining 27.5% stake in Allego from First Sentier Investors for an undisclosed sum. The acquisition was financed through a combination of equity and debt, including a €100 million ($106 million) capital increase from Meridiam. Allego will now be delisted from the Amsterdam Stock Exchange. Meridiam said the acquisition will allow it to accelerate Allego’s growth and expansion plans. Allego is one of the leading providers of electric vehicle (EV) charging solutions in Europe, with over 35,000 charging points across 13 countries. The company is headquartered in the Netherlands and employs over 500 people. Meridiam is a global investment firm specializing in sustainable infrastructure. The firm has over €10 billion ($10.6 billion) of assets under management and has invested in over 100 projects worldwide. The acquisition of Allego is part of Meridiam’s strategy to invest in the growing EV charging market. The firm believes that EVs will play a key role in reducing greenhouse gas emissions and improving air quality. Meridiam said it will support Allego’s plans to expand its network of charging points and develop new technologies and services. The firm also said it will work with Allego to explore opportunities for collaboration with other Meridiam portfolio companies.