M&A Deal Summary

3i Infrastructure Acquires Smarte Carte

On October 16, 2017, infrastructure investor 3i Infrastructure acquired consumer services company Smarte Carte from Macquarie Bank for 385M USD

Acquisition Highlights
  • This is 3i Infrastructure’s 1st transaction in the Consumer Services sector.
  • This is 3i Infrastructure’s 2nd largest (disclosed) transaction.
  • This is 3i Infrastructure’s 1st transaction in the United States.
  • This is 3i Infrastructure’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-10-16
Target Smarte Carte
Sector Consumer Services
Buyer(s) 3i Infrastructure
Sellers(s) Macquarie Bank
Deal Type Divestiture
Deal Value 385M USD

Target

Smarte Carte

St. Paul, Minnesota, United States
Smarte Carte's corporate headquarters in St. Paul, Minnesota.
Smarte Carte's corporate headquarters in St. Paul, Minnesota.
Smarte Carte is a provider of baggage cart, locker and stroller services operating in airports, train stations, bus terminals, shopping centers and entertainment facilities around the world. Smarte Carte was founded in 1967 and is based in St. Paul, Minnesota.

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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 22 of 31
Sector (Consumer Services) 1 of 1
Type (Divestiture) 4 of 5
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Elenia

Tampere, Finland

Elenia is an electricity distribution network in Finland. The Elenia Group includes the electricity network company Elenia Verkko Oyj and Elenia Oy, which specializes in energy services. Elenia was founded in 2012 and is based in Tampere, Finland.

Sell -

Seller(S) 1

SELLER

Macquarie Bank

Sydney, Australia
Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.2B AUD (2024)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.

DEAL STATS #
Overall 6 of 7
Sector (Consumer Services) 2 of 2
Type (Divestiture) 5 of 5
State (Minnesota) 2 of 2
Country (United States) 5 of 5
Year (2017) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Advantage Funding Management

Lake Success,, New York, United States

Advantage Funding Management Co., Inc. is a provider of equipment financing and leasing solutions for ground transportation to support vehicle dealers, distributors, manufacturers, and end users nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Anaergia

Burlington, Ontario, Canada

Anaergia provides anaerobic digestion and production of clean energy, fertilizer, and recycled water from organic waste streams. The company sells capital equipment and turnkey solutions internationally and also has a growing portfolio of power generation and waste treatment facilities that it owns and operates. Anaergia was formed in 2007 and is based in Burlington, Ontario.

Sell -
Mergr

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