Secondary Buyout • Transportation

Ancala Partners Acquires Hector Rail

On June 2, 2020, infrastructure investor Ancala Partners acquired transportation company Hector Rail from EQT

Acquisition Context
  • This is Ancala Partners’ 1st transaction in the Transportation sector.
  • This is Ancala Partners’ 1st transaction in Germany.

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M&A Deal Summary

Date June 2, 2020
Target Hector Rail
Sector Transportation
Buyer(s) Ancala Partners
Sellers(s) EQT
Deal Type Secondary Buyout

Target Company

Hector Rail

Bochum, Germany
Hector Rail is a private rail freight company, providing traction services (locomotives and drivers) across Scandinavia and Germany. The company currently produces approximately 150 000 train kilometers per week, transporting heavy industry products, raw materials, and intermodal freight through innovative and customer-oriented railway solutions. Hector Rail was founded year 2004 and is based in Bochum, Germany.
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Buyer Overview 1

DESCRIPTION

Ancala Partners is an infrastructure investment firm specializing in critical, mid-market infrastructure across Europe, North America, Asia, and Oceania. Specific areas of interest include renewable energy, utilities, transport, waste management, and digital infrastructure. Ancala Partners was founded in 2010 and is headquartered in London, United Kingdom.


Deal Context for Buyer #
Overall 10 of 15
Sector: Transportation 1 of 2
Type: Secondary Buyout 2 of 2
Country: Germany 1 of 1
Year: 2020 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Iris Care Group

Cardiff, United Kingdom

Iris Care Group provides essential residential care, supported living and domiciliary care services to adults with a varied range of disabilities and challenges, with specialist expertise and practical experience in helping those with complex and challenging behaviours. Iris Care Group is based in Cardiff, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Magnon Green Energy

Madrid, Spain

Magnon Green Energy generates over 1 TWh per annum of green, baseload power and benefits from Spain’s green energy regulatory regime. Magnon Green Energy is based in Madrid, Spain.

Buy -

Seller Profile 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


Deal Context for Seller #
Overall 129 of 194
Sector: Transportation 5 of 8
Type: Secondary Buyout 38 of 61
Country: Germany 26 of 34
Year: 2020 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Data Intensity

Covington, Kentucky, United States

Data Intensity is an independent managed services provider for enterprise applications, databases, business intelligence solutions, and analytics. Data Intensity was founded in 2001 and is based in Covington, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Musti Group

Helsinki, Finland

Musti Group is a pet care specialist, offering a wide and curated range of pet supplies, accessories, foods, and services. The company has a focused omnichannel operating model with a network of more than 280 physical stores across Finland, Sweden, and Norway. Musti Group was founded in 1988 and is based in Helsinki, Finland.

Sell -