M&A Deal Summary

Ardian and F2i Reti Italia S.r.l. Acquire Enel Rete Gas

On September 30, 2009, private equity firm Ardian and F2i Reti Italia S.r.l. acquired energy services and equipment company Enel Rete Gas for 516M EUR

Acquisition Highlights
  • This is Ardian’s 1st and F2i Reti Italia S.r.l.’s 1st transaction in the Energy Services and Equipment sector.
  • This is Ardian’s 46th and F2i Reti Italia S.r.l.’s largest (disclosed) transaction.
  • This is Ardian’s 6th and F2i Reti Italia S.r.l.’s 1st transaction in Italy.

M&A Deal Summary

Date 2009-09-30
Target Enel Rete Gas
Sector Energy Services and Equipment
Buyer(s) Ardian
F2i Reti Italia S.r.l.
Deal Type Divestiture
Deal Value 516M EUR

Target

Enel Rete Gas

Milan, Italy
Enel Rete Gas distributed 3.6 billion cubic meters of gas to more than 1,200 municipalities over a network covering more than 2 million users. Enel Rete Gas is based in Milan, Italy.

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Buyer(S) 2

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 127 of 418
Sector (Energy Services and Equipment) 1 of 10
Type (Divestiture) 7 of 30
Country (Italy) 6 of 33
Year (2009) 6 of 9
Size (of disclosed) 46 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-27 Aviccia

Troyes, France

Aviccia designs and installs turn-key solar panels on large roofs for customers backed by its combined expertise in construction and photovoltaic facilities. It is also developing a business producing renewable energies based on rented roofs, equipped and operated on its own account. Aviccia was founded in 2008 and is based in Troyes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-16 CCC

Vienna, Austria

CCC provides customers with care and BPO solutions with 18 locations in eight countries. The company draws on 19 years of experience in handling incoming calls, outgoing campaigns, written customer communication via e-mail, chat, and social media, as well as back-office activities. CCC was founded in 1998 and is based in Vienna, Austria.

Buy -
Buyer

F2i Reti Italia S.r.l.

Rome, Italy

Category Company
Sector Electrical Equipment
DESCRIPTION

F2i Reti Italia S.r.l. provides electrical services in Italy.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1