M&A Deal Summary

Antin Infrastructure Partners Acquires Idex

On May 22, 2018, infrastructure investor Antin Infrastructure Partners acquired energy services and equipment company Idex from Cube Infrastructure Managers

Acquisition Highlights
  • This is Antin Infrastructure Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Antin Infrastructure Partners’ 5th transaction in France.

M&A Deal Summary

Date 2018-05-22
Target Idex
Sector Energy Services and Equipment
Buyer(s) Antin Infrastructure Partners
Sellers(s) Cube Infrastructure Managers
Deal Type Secondary Buyout

Target

Idex

Boulogne-Billancourt, France
Idex's core activity is the technical maintenance and management of energy. The group offers global solutions to its clients including the management of collective heating and cooling networks (public and private) as well as the technical maintenance of buildings an third party management of utilities. Idex's clients include authorities, residential complexes and industrial corporations. Idex was founded in 1963 and is based in Boulogne-Billancourt, France.

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Buyer(S) 1

Buyer

Antin Infrastructure Partners

Paris, France

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 31.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Antin Infrastructure Partners is an infrastructure investment firm focused on opportunities throughout the Europe. Antin looks for assets with low technology risk and limited operating risk. Specific areas of interest include transportation (toll roads, airports, ports, car parks), energy/environment (gas storage, LNG terminals, energy transmission, distribution, water infrastructure, waste management), and telecom (GSM towers, ADSL networks, broadcast networks, cable networks, and satellites). The lead sponsor of Antin is BNP Paribas. Antin Infrastructure Partners was established in 2007 and is based in Paris.


DEAL STATS #
Overall 21 of 40
Sector (Energy Services and Equipment) 2 of 2
Type (Secondary Buyout) 7 of 10
Country (France) 5 of 5
Year (2018) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 Lyntia

Alcobendas, Spain

Lyntia is an independent wholesale fibre platform in Spain with a unique nation-wide long-haul network providing dark fibre, lit fibre and FTTH to telecommunications operators. The company has a network of 43,439 kilometres with significant metro capillarity and a presence in 1,912 cities across Spain. Lyntia is based in Alcobendas, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 CityFibre

London, United Kingdom

CityFibre builds, designs and operates pure-fibre networks across the UK. As the UK’s only nationwide, wholesale provider of dark fibre, and with a range of active products, CityFibre serves tier 1 providers, local authorities, mobile operators and communications providers. CityFibre was founded in 2011 and is based in London, United Kingdom.

Buy £538M

Seller(S) 1

SELLER

Cube Infrastructure Managers

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 2.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Cube Infrastructure Managers is a private equity firm focused on European infrastructure investments. The Firm targets control and co-control situations and generally looks to invest in infrastructure assets offering sustainable growth potential principally driven by deregulation and/or market consolidation needed to improve the efficiency of essential infrastructure & public services, notably energy supply, communication infrastructure, and public transport. Cube also has a dedicated fund focused on investing in fiber communications infrastructure. Cube Infrastructure Managers was formed in 2007 and is headquartered in Luxembourg.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (France) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-24 IslaLink Submarine Cables S.L.

Madrid, Spain

IslaLink Submarine Cables, S.L. is involved in deploying and operating submarine telecommunication cables to provide high-capacity transmission systems to telecommunication operators.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Groupe Lacroix

Beauchamp, France

Groupe Lacroix is an independent public transport operator in France and a major operator in Île-de-France, the greater Paris area. The company operates a fleet of c. 650 buses mainly in the regulated public transport sector with availability based contracts.

Buy -