Osborne Clarke assisted Swiss Life Asset Managers - with a team led by partners Giuliano Lanzavecchia and Antonio Fugaldi, assisted by senior lawyer Chiara Carioti and trainee Martina Serbelloni - in the acquisition, through a fund, of a majority shareholding in Powy. With a primary capital investment of €84 million, the fund will support Powy's growth ambitions in further expanding its presence in Europe.
Founded in 2011, Swiss Life Asset Managers Infrastructure Equity manages over €10.2 billion capital for its clients and partners.
Powy, formerly known as TheF Charging, is a leading developer, owner and independent operator of public charging stations for electric vehicles.
The investment will enable Powy to obtain the resources to implement its growth plans in Europe, accelerating the development of its public charging network for electric vehicles, a key factor in the development of electric mobility.