M&A Deal Summary

Allianz Capital Partners and OMERS Infrastructure Acquire Tank & Rast

On August 3, 2015, asset manager Allianz Capital Partners and infrastructure investor OMERS Infrastructure acquired infrastructure company Tank & Rast from Terra Firma Capital Partners

Acquisition Highlights
  • This is Allianz Capital Partners’ 1st and OMERS Infrastructure’s 4th transaction in the Infrastructure sector.
  • This is Allianz Capital Partners’ 1st and OMERS Infrastructure’s 1st transaction in Germany.

M&A Deal Summary

Date 2015-08-03
Target Tank & Rast
Sector Infrastructure
Buyer(s) Allianz Capital Partners
OMERS Infrastructure
Sellers(s) Terra Firma Capital Partners
Deal Type Secondary Buyout

Target

Tank & Rast

Bonn, Germany
Tank & Rast is a provider of gastronomy, retail, hotels, fuel and fast charging infrastructure. With its franchise partners, it operates around 360 petrol stations and around 400 service areas (including around 50 hotels) on the motorway network. Tank & Rast was founded in 1998 is based in Bonn, Germany.

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Buyer(S) 2

Buyer

Allianz Capital Partners

Munich, Germany

Investor Investor Investor


Category Asset Manager
Founded 1996
PE ASSETS 50.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Allianz Capital Partners is the asset management affiliate of the Allianz Group. The Firm operates in three segments, including Private Equity, Renewable Energy, and Infrastructure. The Private Equity investment group primarily pursues venture and private equity fund investments, however the group is an active co-investor, looking to support buyouts and growth capital financings in a variety of sectors. The Renewables Group seeks investments in long-term wind and solar projects. The Infrastructure team pursues energy and transportation infrastructure projects. Allianz Capital Partners was formed in 1996 and has offices in Munich, London, New York, and Singapore.


DEAL STATS #
Overall 9 of 19
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Germany M&A 1 of 1
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 ImWind Group - Four Austrian Wind Projects

Austria

ImWind Group's Four Austrian Wind Projects are Scharndorf III, Zistersdorf Ost, Ladendorf und Großkrut-Hauskirchen-Wilfersdorf, which are located within a 70 kilometer radius of Vienna. The 21 turbines have a generating capacity of 65 megawatts. ImWind Group's Four Austrian Wind Projects is based in Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Bazalgette Tunnel

London, United Kingdom

Bazalgette Tunnel is a provider of construction services. Bazalgette Tunnel was founded in 2015 and is based in London, United Kingdom.

Buy -
Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 1990
PE ASSETS 36.0B CAD
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.


DEAL STATS #
Overall 28 of 54
Sector: Infrastructure M&A 4 of 7
Type: Secondary Buyout M&A Deals 3 of 11
Country: Germany M&A 1 of 5
Year: 2015 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-15 Fortum Distribution

Espoo, Finland

Fortum Distribution is the player in the electricity distribution market. Fortum Distribution was founded in 1998 and is based in Espoo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-13 Chicago Skyway

Chicago, Illinois, United States

Chicago Skyway is a 12.5km toll road providing a critical link between downtown Chicago and communities in eastern Illinois and Northwest Indiana. Chicago Skyway is based in Chicago, Illinois.

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 13 of 26
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 7
Country: Germany M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 Deutsche Annington Immobilien AG

Bochum, Germany

The Deutsche Annington Immobilien Group, Bochum, lets and manages approximately 220,000 flats, employs 1,385 staff and is one of the leading residential property companies in Germany.

Sell -
FOLLOWING 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