30 January 2023 / Corporate and M&A
In Balance Grid has formed a joint venture with Baltic private multi-asset alternative investment firm
Our client In Balance Grid has entered into a strategic partnership with a Baltic private multi-asset alternative investment firm – Equite. In Balance Grid is an electric vehicles charging solutions provider, which has been acknowledged with the best industrial product design award. In Balance Grid is manufacturing, installing, and operating its charging stations.
Forming a joint venture is a strategic move for In Balance Grid in its journey to becoming the largest and leading operator of the charging stations infrastructure in the Baltics and Poland. The strategic partnership will allow it to share capital expenditure of the charging stations infrastructure with a reliable partner.
The newly attracted investment will accelerate the expansion of In Balance Grid charging stations network. During 2023 In Balance grid plans to expand its current network of 350 charging stations to 600 in the home market alone.
Our mergers and acquisitions team has been trusted with the legal peculiarities of the transaction, its structuring, drafting documentation, and engaging negotiations, all of which have ended with successful execution.
