M&A Deal Summary

Sumitomo Acquires Sutton and East Surrey Water

On February 4, 2013, Sumitomo acquired utilities company Sutton and East Surrey Water from iCON Infrastructure for 165M GBP

Acquisition Highlights
  • This is Sumitomo’s 1st transaction in the Utilities sector.
  • This is Sumitomo’s 5th largest (disclosed) transaction.
  • This is Sumitomo’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2013-02-04
Target Sutton and East Surrey Water
Sector Utilities
Buyer(s) Sumitomo
Sellers(s) iCON Infrastructure
Deal Type Add-on Acquisition
Deal Value 165M GBP

Target

Sutton and East Surrey Water

Redhill, United Kingdom
website
Sutton and East Surrey Water plc is an utilities provider involved in supplying drinking water.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan

website


Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5,495.0B JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


DEAL STATS #
Overall 7 of 41
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 4 of 20
Country (United Kingdom) 1 of 1
Year (2013) 1 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 TyreCorp Pty

Archerfield, Australia

TyreCorp Pty Ltd. is a supplier and distributor of tyres.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-18 Kienle + Spiess

Sachsenheim, Germany

The Kienle + Spiess Group, Europe’s leading supplier of stamped and die-cast components for electrical machinery and generators.

Buy -

Seller(S) 1

SELLER

iCON Infrastructure

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 2004
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

iCON Infrastructure LLP is a independent investment firm with over €1 billion under management, investing in infrastructure assets in Europe and North America. iCON Infrastructure’s funds are focused on investing in Public services such as Water and Wastewater, Electricity Networks,Oil and Gases, Contracted and/ or Regulated facilities, Social infrastructure and Transport sector focusing on rail, toll roads, airports, and ports. iCON Infrastructure LLP was founded in 2004 and is based in London, United Kingdom with an additional office in Düsseldorf, Germany.


DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 The Porterbrook Partnership

Edinburgh, United Kingdom

Porterbrook is a rolling stock owning company, which has as its primary activity the leasing of passenger trains to train operating companies in Britain under long term lease agreements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Beckton Energy

London, United Kingdom

Beckton Energy is the operating company for an environmentally friendly, 19MW combined heat and power generation project in Beckton, London.

Buy -