M&A Deal Summary

Andera Partners Acquires Infra Group

On April 5, 2019, private equity firm Andera Partners acquired construction company Infra Group from Waterland Private Equity

Acquisition Highlights
  • This is Andera Partners’ 2nd transaction in the Construction sector.
  • This is Andera Partners’ 5th transaction in Belgium.
Investment Fate
  • Infra Group was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2019-04-05
Target Infra Group
Sector Construction
Buyer(s) Andera Partners
Sellers(s) Waterland Private Equity
Deal Type Secondary Buyout

Target

Infra Group

Temse, Belgium
website
Infra Group provides design, installation, improvement, and maintenance of distribution networks; and offers full turnkey solutions and services to telecommunications, electricity, gas, heating and water operators and local authorities in Belgium. Infra Group was founded in 1966 and is based in Temse, Belguim.

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Buyer(S) 1

Buyer
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 69 of 105
Sector (Construction) 2 of 6
Type (Secondary Buyout) 8 of 13
Country (Belgium) 5 of 9
Year (2019) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Maesa

Levallois Perret, France

Maesa is a global beauty brand incubator supplying leading retailers and beauty companies operating worldwide. Maesa designs and manufactures exclusive brands and private labels for mass, drug and specialty retailers and provide outsourcing solutions to beauty brands. In combining design, beauty merchant and production expertise under one roof, Maesa is a driving force in beauty brand incubation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Kyotherm

Paris, France

Kyotherm specializes in third-party financing of renewable heat production projects and energy efficiency projects. Kyotherm accompanies those that develop energy projects: energy service providers, engineering firms, developers, heat consumers, equipment manufacturers, etc. Kyotherm was founded in 2011 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.


DEAL STATS #
Overall 31 of 43
Sector (Construction) 1 of 1
Type (Secondary Buyout) 16 of 22
Country (Belgium) 11 of 14
Year (2019) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Zentrum Gesundheit

Oldenburg, Germany

Zentrum Gesundheit is an ophthalmologic specialist group in. Zentrum Gesundheit treats patients through 12 subsidiaries at nine different locations, making it the largest group of ophthalmic surgery and diagnostic centres in Lower Saxony and Bremen. Zentrum Gesundheit was founded in 1990 and is based in Oldenburg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 EuroParcs

Apeldoorn, Netherlands

EuroParcs is a holiday resorts operator. EuroParcs offers a rustic environment where at the same time the convenience of the city is never far away. EuroParcs was founded in 2002 and is based in Apeldoorn, Netherlands.

Buy -