Ormazabal's family office takes 5.05% of Irish EV charger EZO in €150M network push
What's the deal? WhiteholeDealroom has a profile for this one. Try Dealroom →, the family office of Alejandro Ormazabal, has acquired a 5.05% stake in EZO, an Irish operator of electric-vehicle charging points. The undisclosed deal, announced in September 2026, marks the family office's entry into the infrastructure business.
How was it structured? Whitehole entered through the Irish vehicle Erapwh, combining a capital increase with the purchase of shares from one of EZO's founding partners. It invested via the fund WH Private Equity 2024 FCRE, advised by Mason Hayes & Curran LLP.
What does EZO do? The company designs, operates, and maintains a public charging network for electric vehicles. It is led by shareholder Rubicon Capital AdvisorsDealroom has a profile for this one. Try Dealroom →, which Whitehole now joins.
Why now? In parallel, EZO closed senior non-recourse financing of up to €150 million, advised by Rubicon, to build out its network across the United Kingdom and Ireland. Aviva InvestorsDealroom has a profile for this one. Try Dealroom → and Aberdeen InvestorsDealroom has a profile for this one. Try Dealroom → are participating in the debt.
The financing will fund more than 3,000 charging points across both markets. EZO estimates these will generate more than €1 billion in electricity-sales revenue over the next 20 years.
What's the endgame? Cash flows from the network deployment will cover interest payments and repay the debt over a seven-year period.
The signal: The move ties a family office to long-dated EV infrastructure at a time when charging networks are increasingly financed like utilities — with institutional lenders backing revenue projected over decades.
Image credit: Ivan Radic
