Umbrella Strikes Strategic Partnership with Zouk Capital for E-Mobility Growth
Deal News | Mar 21, 2025 | Iberian Lawyer
In a significant development for the e-mobility sector, Umbrella Global Energy's subsidiary, Zero Carbon E-Mobility, has partnered with investment firm Zouk Capital to advance Spain’s electric vehicle (EV) infrastructure. Zouk Capital has committed an initial investment of €15 million, securing a 60% stake in Umbrella's e-mobility division. This allows Umbrella to enhance its existing EV charging network, which currently comprises over 100 fast chargers positioned at strategic locations across Spain, supported by partnerships with major retailers. By 2028, Umbrella aims to operate more than 1,000 charging points, exclusively using renewable energy sources. The legal advisory for this investment was managed by EY Abogados, with a team led by Susana Gómez Badiola and Ignacio Sevilla, demonstrating EY's significant role in M&A and private equity activities in the renewable energy sector.
Sectors
- Electric Vehicles
- Private Equity
- Renewable Energy
- Corporate Finance and M&A
Geography
- Spain – The focus of the article is on the expansion of EV charging infrastructure within Spain.
Industry
- Electric Vehicles – The article focuses on the expansion of EV charging infrastructure in Spain, which is a critical component of the electric vehicles industry.
- Private Equity – Zouk Capital's investment in Zero Carbon E-Mobility signifies activity in the private equity sector, highlighting strategic investments in the renewable energy space.
- Renewable Energy – Umbrella's commitment to operate its EV charging infrastructure using renewable energy aligns with the larger trend of sustainable energy solutions.
- Corporate Finance and M&A – The advisory role of EY in facilitating the partnership between Umbrella and Zouk highlights the article's relevance to corporate finance and M&A industry activities.
Financials
- €15 million – Initial investment amount committed by Zouk Capital for expanding EV infrastructure and acquiring a 60% stake in Zero Carbon E-Mobility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Umbrella Global Energy | Target Company | Company | Umbrella Global Energy owns Zero Carbon E-Mobility, the focus of the investment by Zouk Capital. |
| Zouk Capital | Bidding Company | Company | Zouk Capital is the investment firm acquiring a 60% stake in Umbrella's e-mobility platform. |
| Zero Carbon E-Mobility | Target Company Subsidiary | Company | The e-mobility platform under Umbrella Global Energy being expanded through new investments. |
| EY Abogados | Legal Advisor | Company | EY Abogados provided legal advisory for the investment deal between Umbrella and Zouk. |
| Susana Gómez Badiola | Legal Advisor - Partner | Person | Partner at EY Abogados, led the legal advisory team for the deal. |
| Ignacio Sevilla | Legal Advisor - Senior Manager | Person | Senior Manager at EY Abogados, supported the legal advisory for the deal. |
| Miguel Borrás | Legal Advisor - Senior | Person | Senior member at EY Abogados involved in the advisory team for the deal. |