Drake Star Partners advises NewMotion on its acquisition by Shell (RDS-A)
A world leading energy provider, Shell signs agreement to buy leading
electric vehicle charging provider NewMotion
AMSTERDAM–(BUSINESS WIRE)–Shell, one of the world’s largest energy providers, has signed an
agreement to buy NewMotion in a deal that will enable both companies to
accelerate the transition to low-carbon transport. Drake Star Partners
acted as the exclusive financial advisor to NewMotion’s shareholders in
this transaction.
Under the terms of the deal, NewMotion will remain focused on
accelerating its mission in Europe by delivering more innovative
smart-charging solutions to homes, businesses and public parking spaces.
The acquisition will help NewMotion enhance its electric vehicle (EV)
charging services turning more parking spaces into charging stations as
well as improving users’ charging experience across Europe.
Based in Amsterdam, NewMotion was launched in 2009 by a group of
entrepreneurs on a mission to contribute to a cleaner world. Today,
NewMotion operates more than 30,000 electric charge posts in the
Netherlands, Germany, France and the UK. It also provides access to a
network of more than 50,000 public charge points across 25 European
countries, serving more than 100,000 registered charge cards.
“We are very pleased to have such a strong investor that fully supports
our mission, enabling us to further expand across Europe at a time when
the transition to electric vehicles is gathering pace,” said Sytse
Zuidema, CEO of NewMotion. He continued: “We are excited that our
ongoing mission and belief in a transition towards less-polluting
transport source has been endorsed so strongly by Shell, one of the
world’s leading energy companies.”
“Today’s announcement is an early step towards ensuring customers can
access a range of refuelling choices over the coming decades, as new
technologies evolve to co-exist with traditional transport fuels.”
Shell’s Vice President for New Fuels, Matthew Tipper, said. “This move
provides customers the flexibility to charge their electric vehicles at
home, work and on the go. When you add this customer offer to our
current roll out of fast charging points on Shell forecourts, we believe
we are developing the full raft of charge solutions required to support
the future of EVs.”
Commenting on the acquisition, Frank Verbeek, Managing Partner of Drake
Star Partners Netherlands, said: “As part of the Shell New Energies
portfolio, NewMotion has a unique opportunity to expand its services to
the level of ambition the founders, shareholders, management and staff
worked so hard for. We are proud to have played our role in ensuring
Dutch company NewMotion can execute their international strategy.” Mr.
Verbeek continued: “We believe that within the mobility segment, EVs
will prove to be an extremely dynamic sector with many more companies
looking for opportunities. As such, Drake Star Partners is
well-positioned to support companies operating in the ever-dynamic EV
space along with their growth ambitions.”
Drake Star Partners team: Frank Verbeek,
Sherief Rahim and Bas Hendriks
Legal/Fiscal advisors: Vriman M&A Lawyers
(target’s legal advisor), Amstone Tax Lawyers (target’s fiscal advisor)
About NewMotion
NewMotion is the market leader in offering charging solutions for
electric vehicles in Europe. The company currently has more than 30,000
private charge points across the Netherlands, Germany, France and the
UK. The company also provides access to a network of more than 50,000
public charge points across 25 countries in Europe for more than 100,000
registered drivers charge cards. NewMotion and Shell will utilise the
synergies and opportunities that this deal provides to further develop
and enhance the leading-edge services and products NewMotion offers
existing and future EV drivers. NewMotion has been active in the market
since 2009, fulfilling a pioneering role in the industry.
About Drake Star Partners
Drake Star Partners is a global investment banking firm serving the
technology, media and communications sectors (TMC) with offices in New
York, London, Paris, Munich, San Francisco, Los Angeles, Berlin,
Amsterdam, Geneva and Tokyo. The firm focuses on M&A and corporate
finance for its clients worldwide. Drake Star Partners completed over
300 transactions since 2004, 70% of which are cross-border.
Drake Star Partners is the marketing name for the global investment bank
Drake Star Partners Holdings Limited and its subsidiaries and
affiliates. In the USA, all securities are transacted through Drake Star
Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA
and is a member of SIPC.
© 2016 Drake Star Partners.
Contacts
Drake Star Partners Netherlands
Frank Verbeek
Managing Partner
[email protected]
+316
5383 9013
or
Sherief Rahim
Senior Associate
[email protected]
+316
4395 1155
