Transatlantic team advises on sale of electricity-based vehicle charging providers in Los Angeles & London
London and Los Angeles, October 13, 2020— Proskauer, a leading international law firm, announced today that it represented longtime client Bolloré Group on the sale of two electric vehicle (EV) charging providers located in London and Los Angeles.
Bolloré Group is a French multinational company engaged predominately in electricity storage and systems, transportation and logistics, as well as media and communications.
In the U.K., Proskauer acted for the Bolloré Group on their sale of Bluepoint London which owns and operates Source London, the capital’s only citywide network of on-street charge points powered by 100% green energy.
In Los Angeles, Proskauer acted for the Bolloré Group on their sale of Blue LA. Blue LA provides electric vehicle charging equipment and services focused on serving low-income communities in Los Angeles. Members have access to a network of shared electric vehicles 24-hours a day, 7 days a week, at self-service locations.
The UK Proskauer transaction was led by partner Liam Arthur and associates Gregor Gordon and Bradley Mycock (Mergers and Acquisitions), with assistance from partner Stephen Pevsner, associate Philip Gilliland (Tax) and special antitrust and regulatory counsel Jade-Alexandra Fearns. The Los Angeles-based Proskauer team was led by partner Matthew O’Loughlin (Mergers and Acquisitions), and included partner Michael Fernhoff (Tax) as well as associate Zachary Pogust (Mergers and Acquisitions).
Proskauer’s M&A practice stands alone among its peers in the legal industry, with an unmatched combination of deep sector knowledge and transactional strength. We are consistently recognized as among the best by leading business and legal publications, including Chambers and The Legal 500. With a transactional presence in the United States, Europe, Asia and Latin America, we have a deep understanding of the structuring, cultural and procedural issues that are often at the center of complex cross-border transactions. We provide strategic, disciplined and commercial advice geared towards achieving our clients’ goals in an efficient and practical manner.