What we did

Capitalmind Investec advised HOCH.REIN on the sale of it’s subsidiary chargeIT mobility to Eneco eMobility. We supported in the full sell-side process while accompanying the companies rapid growth and supported in business planning and financial modelling. We also provided valuation guidance as well as the preparation of the equity story and marketing documentation, structuring of the transaction including drafting of the LOI, coordination of the due diligence and negotiation support to closing.

About the deal

Hoch.rein sells 100% of it’s shares in ChargeIT to Dutch stock listed Eneco. Eneco’s e-mobility division is focused on innovative, software driven charging infrastructure solutions for e-mobility. ChargeIT is the largest utility independent player in the German market, thus the combination results in the formation of a central European champion.

ChargeIT mobility (formerly known as Belectric Drive) is a leading intelligent charging solutions provider for EVs, with a large installed base of over 3,000 charging points predominantly across Germany. The heart of the company is their industry benchmark IT backend, which serves as a platform for networked e-mobility, complemented by their proprietary control electronics (Charging Controller) and cloud solutions (Charging Management Portal).

Our client HOCH.REIN Gmbh is a medium-sized technology holding company. The sale was originated to allow ChargeIT for the next growth phase backed by a respective shareholder.

Guido Gerlach, CEO of Hochrein GmbH: “With Eneco, we have found the right partner for ChargeIT who will provide the scale and scope needed to continue the successful development started under Hochrein ownership. Capitalmind Investec found the right buyer and supported us during the process with a strong commitment, technical support in every which way possible to our full satisfaction.”

Deal Type
Target Headquarter
November 2019