M&A Deal Summary

Allianz Capital Partners and OMERS Infrastructure Acquire Xp Fibre

On November 30, 2018, asset manager Allianz Capital Partners and infrastructure investor OMERS Infrastructure acquired communications company Xp Fibre from Altice Europe for 1.8B EUR

Acquisition Highlights
  • This is Allianz Capital Partners’ 1st and OMERS Infrastructure’s 2nd transaction in the Communications sector.
  • This is Allianz Capital Partners’ 0th and OMERS Infrastructure’s largest (disclosed) transaction.
  • This is Allianz Capital Partners’ 1st and OMERS Infrastructure’s 1st transaction in France.

M&A Deal Summary
Date 2018-11-30
Target Xp Fibre
Sector Communications
Buyer(s) Allianz Capital Partners
OMERS Infrastructure
Sellers(s) Altice Europe
Deal Type Divestiture
Deal Value 1.8B EUR

Target

Xp Fibre

Courbevoie, France
Xp Fibreis an infrastructure operator specializing in the design, construction and operation of fiber optic networks. XpFibre deploys, markets and maintains more than 7 million FTTH sockets throughout France. Xp Fibre is based in Courbevoie, France.

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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 16 of 19
Sector (Communications) 1 of 3
Type (Divestiture) 4 of 4
Country (France) 1 of 1
Year (2018) 1 of 1
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Sval Energi

Stavanger, Norway

Sval Energi was established with the aim of building an energy company with a broad asset base. Currently, Sval Energi holds interests in Gassled, an offshore gas transmission system, and in the Polar led pipeline. As a new generation energy company, Sval sees the need to reduce the industry’s carbon footprint, the world's need for clean energy and also recognizes the profitable business opportunities that arise in the ongoing energy transition. Sval Energi is based in Stavanger, Norway.

Sell -
Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 1990
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 41 of 52
Sector (Communications) 2 of 3
Type (Divestiture) 2 of 3
Country (France) 1 of 1
Year (2018) 6 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Azure Power Global

Gurugram, India

Azure Power Global provides solar energy to central and state government utilities and independent industrial and commercial customers. Azure Power Global was founded in 2008 and is based in Gurugram, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-24 VTG

Hamburg, Germany

VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany.

Buy -

Seller(S) 1

SELLER

Altice Europe

Woerden, Netherlands
Category Company
Founded 2001
Sector Communications
Revenue 14.8B EUR (2019)
DESCRIPTION

Altice Europe is a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/ Indian Ocean Area, and the Dominican Republic and Switzerland. Altice provides cable-based services (high-quality pay television, fast broadband Internet, and fixed line telephony) and, in certain countries, mobile telephony services to residential customers and corporate customers. Altice Europe was founded in 2001 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 8 of 9
Sector (Communications) 7 of 8
Type (Divestiture) 7 of 7
Country (France) 2 of 2
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 Teletorres del Caribe

Dominican Republic

Teletorres del Caribe which comprises 1,039 sites. Teletorres del Caribe, setting a clear partnership framework between the two companies. Teletorres del Caribe has committed to support Altice Dominicana in the continued deployment of its network.

Sell $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 FastFiber

Lisboa, Portugal

FastFiber is a provider of wholesale optical fiber. FastFiber is based in Lisboa, Portugal.

Sell -
Mergr

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