Ontier advises Impact Bridge and Fundeen on Wenea
Ontier has advised Impact Bridge Asset Management SGIIC, a Spanish impact investment manager, and Fundeen, a crowdfunding platform focused on renewable energy, in a project finance transaction worth €10 million. The financing will support three companies within Wenea Group, an operator of electric vehicle charging infrastructure in Spain.
The transaction will fund the development and consolidation of Wenea’s portfolio of electric vehicle charging assets in Spain, supporting the growth of one of the country’s independent networks in the sector. Approximately 80% of the financed assets are already operational, allowing the deal to combine value unlocked from existing infrastructure with the deployment of new charging capacity, states Ontier.
Wenea operates an independent electric vehicle charging services network in Spain. Established within Grupo Diggia, an investor in the sector since 2016, the company currently operates more than 4,000 charging points across Spain and the UK, including over 1,600 within its own network, and serves more than 270,000 customers.
Legal team
Ontier’s multidisciplinary team was led by Israel Gómez-Caro, partner in Banking & Finance, and included Esteban Cuyás, legal director in Banking & Finance; Carlos Rodriguez Barriguete, partner in Tax; Silvia San Felipe, legal director in Regulatory and Public Law; Paula Rubio, senior associate in M&A; Elsa Errea, associate in Banking & Finance; Lara Dominguez, senior associate in Tax; Maria Luisa Cid, associate in Banking & Finance; Maria Colino, associate in M&A; Adrian García Pacios, associate in Regulatory and Public Law; and Jaime Rodriguez San Pedro, junior associate in Banking & Finance.
