Investment Summary |
|
|---|---|
| Date | 2019-05-01 |
| Target | Orion Water Partners |
| Sector | Utilities |
| Investor(s) | abrdn Private Equity |
| Sellers(s) |
Stonepeak
Poseidon Resources |
| Deal Type | Stake Purchase |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| PE ASSETS | 13.0B GBP |
| Size | Mega |
| Type | Sector Agnostic |
abrdn Private Equity is the direct infrastructure investment arm of asset manager abdrn plc (formerly Aberdeen Standard Investments). The Group looks to invest in operational assets and build a diversified portfolio across utilities, transport and energy infrastructure in Europe and North America. abrdn Private Equity operates out of Edinburgh and London.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 7 |
| Sector: Utilities M&A | 2 of 2 |
| Type: Stake Purchase M&A Deals | 2 of 2 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 2 |
| Year: 2019 M&A | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-28 |
UNITANK
Hamburg, Germany UNITANK is an independent and neutral infrastructure and services provider storing liquid oil products. The company owns and operates five terminals in Germany and one terminal in Belgium, all in key strategic locations. The terminals handle diesel, gasoline, jet fuel, and heating oil and have a total storage capacity of c. 1.1 million cubic meters. UNITANK is based in Hamburg, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-10 |
Tramlink Nottingham
Nottingham, United Kingdom Tramlink Nottingham owns and operates the tramway network of the city of Nottingham. In 2011, Tramlink Nottingham took over the existing network which was in operations since 2004 and engaged in a 16.9km extension under a long term DBFM contract. Tramlink Nottingham is based in Nottingham, United Kingdom. |
Buy | - |
Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 10 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 1 of 2 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 4 of 9 |
| Year: 2019 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-02 |
Oryx Midstream Services
Midland, Texas, United States Oryx Midstream Services is a midstream crude operator in the Permian Basin. Oryx Midstream Services owns and operates a crude oil gathering and transportation system underpinned by nearly one million acres under long-term dedications from more than 20 customers. The system's 2.1 million barrels of storage and approximately 1,200 miles of in-service and under-construction pipeline span eight counties in Texas and two in New Mexico. Oryx Midstream Services was founded in 2013 and is based in Midland, Texas. |
Buy | $3.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-30 |
Inspired Education Holdings
London, United Kingdom Inspired Education Holdings is a provider of education services. Inspired Education was founded in 2013 and is based in London, United Kingdom. |
Buy | - |
Poseidon Resources specializes in developing and financing water infrastructure projects, primarily seawater desalination and water treatment plants.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-01 |
Orion Water Partners
Carlsbad, California, United States Orion Water Partners is a joint venture to construct, own and operate the Carlsbad Desalination Plant. Completed in December 2015 after a three-year construction process, the Carlsbad Desalination Plant is the largest seawater desalination plant in the Western Hemisphere. The plant produces as much as 10% of San Diego’s drinking water under a 30-year off-take agreement with the San Diego County Water Authority, ensuring drought-proof supply for nearly a half-million residents of Southern California. |
Buy | - |
