About the deal

Capitalmind Investec advised Swish on a capital increase of €47 million provided by RGreen Invest.

Swish, a leading French company in the management of charging stations for electric vehicles in the BtoB segment, secures the completion of a €47 million equity and quasi-equity financing round provided by the infrastructure funds RGreen Invest.

Swish draws on the technical expertise of CEREL, a sister company with over 30 years’ experience in electrical engineering and construction of energy infrastructure for buildings. This strengthened collaboration enables Swish to offer its customers complete technical solutions for powering and charging of their vehicles.

This financing provides Swish with the necessary resources to accelerate its development and finance the construction of future projects. The company already has a solid pipeline of projects in France, with the prospect of expanding abroad, particularly in Italy and Spain. Its ambition is to install and operate over 80,000 charging points by 2030, focusing on standard AC charging points. The Swish team continues to grow, it should reach 30 EVCI specialists by the end of 2023, and around 40 by the end of 2024. These will manage the group’s 80 installers to provide customers with a top-of-the-range service.

What we did

Capitalmind Investec supported Swish shareholders throughout a capital increase process: defining the transaction scope, building the equity story, approaching the most relevant investors, assisting in the legal negotiations, setting up the right degree of competitive pressure in order to maximize the terms of the transaction and find the best partner to support the growth projects of a pure CPO player.

“Capitalmind Investec assisted us since the very beginning of the fund-raising, and we particularly appreciated its ability to structure this project throughout the process and provide numerous solutions. The deal has been a real success, as well as a strong human experience. Indeed, it’s one of the best deals of 2023 considering the current market context, and we will be delighted to work on other projects with Thibault Laroche-Joubert and his team.”

Giulio Di Gennaro, CEO, CEREL