REG - Pantheon Infrastrct. - Investment in UK Energy Efficiency Company

Pantheon InfrastructureAnnouncement

07/09/2023 08:00

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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 £35m 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 £7bn 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 (mailto:pint@pantheon.com)

 Richard Sem, Partner

 Harriet Alexander, Vice President

 Investec Bank plc                                +44 (0) 20 7597 4000

 Corporate Broker

 Tom Skinner (Corporate Broking)

 Lucy Lewis, Denis Flanagan (Corporate Finance)

 TB Cardew                                        +44 (0) 20 7930 0777

 Public relations advisor                         pint@tbcardew.com (mailto: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 (http://www.pantheon.com) .

 

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