InstaVolt sells Spanish and Portuguese networks to Powerdot, refocuses on UK and Ireland after £290 million refinancing
By Eve
InstaVolt has agreed to sell its Spanish and Portuguese charging businesses to Powerdot, following a £250 million debt refinancing and £40 million equity investment backed by EQT and consortium lenders. The UK operator, which recently acquired a national brand with over 228 locations and more than 260 charging devices, entered the Iberian market in 2023 and will now redeploy infrastructure to accelerate growth in its core UK and Ireland markets. The transaction allows InstaVolt to concentrate capital on its home territories while Powerdot continues developing the Iberian network.
Why it matters: The deal signals a strategic pivot by a major CPO to consolidate resources in higher margin home markets after testing international expansion, and highlights how refinancing firepower is driving M&A activity and network consolidation across Europe. Procurement teams should note InstaVolt's appetite for further UK acquisitions and the redeployment of hardware, which may create supply or partnership opportunities.