Investment Summary

OMERS Infrastructure, Ontario Teachers Pension Plan and Global Infrastructure Partners Invest In SGN

On June 1, 2005, infrastructure investor OMERS Infrastructure, pension Ontario Teachers Pension Plan and infrastructure investor Global Infrastructure Partners invested in energy services and equipment company SGN

Investment Highlights
  • This is OMERS Infrastructure’s 4th, Ontario Teachers Pension Plan’s 1st and Global Infrastructure Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is OMERS Infrastructure’s 1st, Ontario Teachers Pension Plan’s 2nd and Global Infrastructure Partners’ 1st transaction in the United Kingdom.

Investment Summary

Date 2005-06-01
Target SGN
Sector Energy Services and Equipment
Investor(s) OMERS Infrastructure
Ontario Teachers Pension Plan
Global Infrastructure Partners
Deal Type Stake Purchase

Target

SGN

Horley, United Kingdom
website
SGN is a gas distribution company and provides natural gas to 5.7 million customers in Scotland and the south and southeast of England. SGN operates Scotland Gas Networks plc and Southern Gas Networks plc, two of eight regulated gas distribution networks in England, Wales, and Scotland, under a license from Ofgem to distribute gas through their infrastructure network. SGN was founded in 2005 and is based in Horley, United Kingdom.

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Investor(S) 3

Investor

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.


DEAL STATS #
Overall 10 of 50
Sector (Energy Services and Equipment) 4 of 8
Type (Stake Purchase) 1 of 10
Country (United Kingdom) 1 of 5
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Ciel Satellite

Ottawa, Ontario, Canada

The Ciel Satellite Group owns and operates the Ciel-2 DBS satellite at the 129° West Longitude position providing broadcast services throughout North America. Ciel is developing multiple new Canadian orbital positions to provide a choice of high quality video and Broadband services to commercial and government customers throughout the Americas. Ciel, through its shareholder SES, is part of the largest network of satellite operators in the world. Ciel works closely with its customers to find cost-effective solutions and anticipate future requirements. Ciel Satellite is based in Ottawa, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Associated British Ports

London, United Kingdom

Associated British Ports is providing operations and maintenance (O&M) for over 50% of the sector’s activity, as well as building infrastructure in facilities like green port hull, a joint investment with SGRE, the largest Offshore Wind blade manufacturer, and LEEF (Lowestoft Eastern Energy Facility). Associated British Ports was founded in 1962 and is based in London, United Kingdom.

Buy -
Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 18 of 175
Sector (Energy Services and Equipment) 1 of 5
Type (Stake Purchase) 2 of 17
Country (United Kingdom) 2 of 20
Year (2005) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 ISS

SAborg, Denmark

ISS is one of the world?s largest facility services companies with more than 290,000 employees in more than 40 countries worldwide. The company holds market leading positions in most of the countries where it operates. ISS was founded in 1901 and is based in Søborg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-12 AOT Bedding

Itasca, Illinois, United States

AOT Bedding is the largest manufacturer of Serta brand mattresses in North America. Serta is one of the oldest and best known names in the bedding industry. Serta's brands include Perfect Sleeper, Perfect Day, Luxury Response and Vera Wang by Serta.

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Investor
DESCRIPTION

Global Infrastructure Partners (GIP) is a private investment firm that invests in infrastructure assets worldwide. GIP looks to work in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practice to enhance operating efficiencies. The Firm focuses on larger scale investments in assets that provide essential services, have high barriers to entry and offer significant governance positions. GIP primarily targets opportunities in OECD countries, while maintaining a global perspective and the flexibility to pursue assets with the potential for attractive risk-adjusted returns in selected non-OECD countries. Global Infrastructure Partners was established in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 16
Sector (Energy Services and Equipment) 1 of 2
Type (Stake Purchase) 1 of 4
Country (United Kingdom) 1 of 3
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Exolum

Madrid, Spain

Exolum is a provider of transportation and storage for refined oil products. The company handles a variety of refined fuels which are utilized by the land, aviation and marine transport sectors. Exolum was formed in 1927 and is based in Madrid, Spain.

Buy -