M&A Deal Summary

Ardian Acquires Nevel

On November 2, 2020, private equity firm Ardian acquired utilities company Nevel from Vapo Oy

Acquisition Highlights
  • This is Ardian’s 7th transaction in the Utilities sector.
  • This is Ardian’s 2nd transaction in Finland.

M&A Deal Summary
Date 2020-11-02
Target Nevel
Sector Utilities
Buyer(s) Ardian
Sellers(s) Vapo Oy
Deal Type Divestiture

Target

Nevel

Vantaa, Finland
Nevel is an advanced infrastructure company that operates more than 130 energy production sites and manages over 40 district heating networks with the most sophisticated digital platform in the industry. Nevel is based in Vantaa, Finland.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 378 of 418
Sector (Utilities) 7 of 7
Type (Divestiture) 28 of 30
Country (Finland) 2 of 3
Year (2020) 20 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 H2 Pharma

Bois-d'Arcy, France

H2 Pharma is a specialist in the development and production of generic drugs. The company concentrates on production of non-sterile prescription and non-prescription liquid pharmaceuticals. It is a partner of all pharmaceutical companies for their generic or OTC products. H2 Pharma was founded in 2009 and is based in Bois-d'Arcy, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 Grand Frais

Givors, France

Grand Frais is a fresh food retail specialist, offering under one roof an extensive selection of quality fresh products (fruits & vegetables, seafood, meat, dairy and grocery). Grand Frais was founded in 1992 and is based in Givors, France.

Sell -

Seller(S) 1

SELLER

Vapo Oy

Jyväskylä, Finland
Category Company
Founded 1940
Sector Energy Services and Equipment
DESCRIPTION

Vapo Oy is a diversified group operating in Finland, Sweden, and Estonia. The company focuses on growing and recycling, the production of solid fuels, heat, electricity, and steam, and the provision of various energy solutions. In addition, it develops new products from peat and other natural materials. Vapo was formed in 1940 and is based in Jyväskylä, Finland.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

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