Talde, along with other financial entities, has funded the acquisition of Plenergy by Tensile and Portobello, aiming to accelerate the company's growth and expand its electric vehicle charging infrastructure across Spain.

Overview of the Target

Plenergy, formerly known as Plenoil, was established in 2013 and is headquartered in Madrid, Spain. It is a leading operator of low-cost automatic gas stations, dominating the national market in terms of revenue, volume of fuel sold, and number of refuelings. The company operates a multi-energy platform comprising 244 strategically located service stations across Spain, with plans to expand into Portugal this year.

Plenergy's service stations utilize a convenient automatic payment system, ensuring a fast, secure, and cost-effective refueling experience while prioritizing environmental efficiency. This innovative approach has solidified Plenergy's reputation as a frontrunner in the automotive refueling sector.

Industry Overview in Spain

The fuel retail industry in Spain has experienced significant transformations, particularly with the growing emphasis on sustainability and renewable energy sources. In recent