M&A Deal Summary

3i Infrastructure Acquires Infinis

On October 31, 2016, infrastructure investor 3i Infrastructure acquired renewable energy company Infinis from Terra Firma Capital Partners for 185M GBP

Acquisition Highlights
  • This is 3i Infrastructure’s 2nd transaction in the Renewable Energy sector.
  • This is 3i Infrastructure’s 3rd largest (disclosed) transaction.
  • This is 3i Infrastructure’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2016-10-31
Target Infinis
Sector Renewable Energy
Buyer(s) 3i Infrastructure
Sellers(s) Terra Firma Capital Partners
Deal Type Secondary Buyout
Deal Value 185M GBP

Target

Infinis

Northampton, United Kingdom
Infinis is the UK's largest purely renewable energy company both in terms of number of sites and output. Infinis generated approximately 5% of the UK’s renewable power and was the only mid-sized player in the UK top ten of largest renewable generators which is dominated by large utilities. Infinis is based in Northampton, United Kingdom.

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Buyer(S) 1

Buyer

3i Infrastructure

St Helier, Channel Islands

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 3.9B GBP
Size Large
Type Sector Focused
DESCRIPTION

3i Infrastructure plc is a listed infrastructure investment arm of 3i Group plc. 3i infrastructure invests mainly in Europe and Asia companies with stable underlying performance: asset-intensive businesses, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues. The firm focuses on the Utilities, Transportation, and Social Infrastructure sectors through equity and junior or mezzanine debt investments in the range of £100m–£300 million per transaction. 3i infrastructure was formed in 2007 and is based in Jersey, Channel Islands.


DEAL STATS #
Overall 18 of 31
Sector: Renewable Energy M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 11
Country: United Kingdom M&A 7 of 10
Year: 2016 M&A 4 of 7
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Valorem

Begles, France

Valorem is a vertically integrated green energy operator, offering a range of renewable energy solutions while guiding and supporting local authorities and its partners at every stage of a project: surveys, development, financing, construction, operational oversight, and maintenance. Valorem was founded in 1994 and is based in Begles, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Belfast City Airport

Belfast, United Kingdom

Belfast City Airport is a small regional airport. Its focus is domestic routes operated by scheduled carriers, serving business as well as leisure customers. Belfast City Airport was founded in 1938 and is based in Belfast, United Kingdom.

Buy -

Seller(S) 1

SELLER

Terra Firma Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 18.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Terra Firma Capital Partners is a private equity firm that primarily targets distressed 'asset rich' companies in need of management change or operational improvement. Terra Firma also invests in market leading businesses, or platform businesses capable of becoming market-leading businesses through add-on investments. Terra Firma generally looks to invest in businesses headquartered in Western Europe. Terra Firma was originally formed in 1994 and became an independent investment group in 2002. The Firm is based in London.


DEAL STATS #
Overall 15 of 26
Sector: Renewable Energy M&A 1 of 3
Type: Secondary Buyout M&A Deals 5 of 7
Country: United Kingdom M&A 12 of 18
Year: 2016 M&A 2 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 ODEON Cinemas

London, United Kingdom

ODEON Cinemas Ltd. is a cinema operator with 242 cinemas and 2,236 screens. Odeon & UCI operates in four major markets: UK, Spain, Italy and Germany; and three smaller markets: Austria, Portugal and Ireland.

Sell £921M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Welcome Hotels

Frankfurt, Germany

Welcome Hotels is a portfolio of 14 predominantly four-star hotels located in ‘B’ and ‘C’ cities in Germany. The portfolio includes a mixture of freehold and leasehold properties. Welcome Hotels was founded in 1998 and is based in Frankfurt, Germany.

Buy -