M&A Deal Summary

Astatine Investment Partners Acquires Virginia International Gateway

On July 22, 2014, infrastructure investor Astatine Investment Partners acquired marine company Virginia International Gateway from APM Terminals Management B.V.

Acquisition Highlights
  • This is Astatine Investment Partners’ 1st transaction in the Marine sector.
  • This is Astatine Investment Partners’ 8th transaction in the United States.
  • This is Astatine Investment Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2014-07-22
Target Virginia International Gateway
Sector Marine
Buyer(s) Astatine Investment Partners
Sellers(s) APM Terminals Management B.V.
Deal Type Divestiture

Target

Virginia International Gateway

Portsmouth, Virginia, United States
Virginia International Gateway owns the most modern and highly automated container terminal in North America. The terminal has an annual throughput capacity of approximately 2 million TEUs and is operated by the state-owned Virginia Port Authority. Virginia International Gateway is based in Portsmouth, Virginia.

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Buyer(S) 1

Buyer

Astatine Investment Partners

Greenwich, Connecticut, United States
Category Infrastructure
Founded 2005
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alinda Capital Partners is a private investment firm specializing in the acquisition of infrastructure assets in North America and Europe. Alinda looks for assets with predictable cash flows, strategic competitive advantages, and limited commodity or merchant risk. Specific sectors of interest include roads, bridges and tunnels; airports, ports and rail; water supply and wastewater treatment; gas transportation, storage and distribution; power generation and electric transmission; and utility services for residential, commercial and industrial customers. Alinda Capital Partners was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 13 of 23
Sector (Marine) 1 of 1
Type (Divestiture) 4 of 5
State (Virginia) 1 of 1
Country (United States) 8 of 14
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Howard Energy Partners

San Antonio, Texas, United States

Howard Energy Partners is an independent midstream energy company that owns and operates natural gas gathering lines, processing facilities, and pipelines, as well as oil gathering lines, a liquids stabilization plant, and bulk liquid storage terminals. Howard Energy Partners was founded in 2011 and is based in San Antonio, Texas.

Buy $221M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Santa Paula Water Recycling

Santa Paula, California, United States

Santa Paula Water Recycling Facility is designed to treat 3.4 million gallons a day (MGD) of conventional sewage wastewater from the area and is operated for the City by Veolia North America, an independent contractor.

Sell -

Seller(S) 1

SELLER

APM Terminals Management B.V.

The Hague, Netherlands
Category Company
Founded 2001
Sector Transportation
DESCRIPTION

APM Terminals Management B.V. is a global port operator with a presence in 69 countries with 72 container terminals and 140 inland services facilities providing the world’s most geographically balanced global terminal network.

DEAL STATS #
Overall 1 of 2
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Pentalver Transport

London, United Kingdom

Pentalver Transport Ltd. is a provider of off-dock container terminals (most under long-term lease) strategically placed at each of the four major seaports of Felixstowe, Southampton, London Gateway and Tilbury, as well as an inland terminal located at Cannock, in the U.K. Midlands, near many of the nation’s largest distribution centers.

Sell £87M
Mergr

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