M&A Deal Summary

Atlas Arteria Acquires Chicago Skyway

On September 12, 2022, Atlas Arteria acquired infrastructure company Chicago Skyway from Ontario Teachers Pension Plan and OMERS Infrastructure

Acquisition Highlights
  • This is Atlas Arteria’s 1st transaction in the Infrastructure sector.
  • This is Atlas Arteria’s 1st transaction in the United States.
  • This is Atlas Arteria’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-09-12
Target Chicago Skyway
Sector Infrastructure
Buyer(s) Atlas Arteria
Sellers(s) Ontario Teachers Pension Plan
OMERS Infrastructure
Deal Type Add-on Acquisition

Target

Chicago Skyway

Chicago, Illinois, United States
Chicago Skyway is a 12.5km toll road providing a critical link between downtown Chicago and communities in eastern Illinois and Northwest Indiana. Chicago Skyway is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Atlas Arteria

Melbourne, Australia
Category Company
Founded 2009
Sector Infrastructure
Revenue 133M AUD (2023)
DESCRIPTION

Atlas Arteria is a toll road, bridges and tunnels developer and operator. Atlas Arteria was founded in 2009 and is based in Melbourne, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 2

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.

DEAL STATS #
Overall 66 of 72
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 27 of 29
State (Illinois) 5 of 5
Country (United States) 35 of 38
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Kry

Stockholm, Sweden

Kry is a digital health app designed to improve healthcare access for patients by allowing users to consult with a qualified health professional in minutes, via their smartphone or tablet. Kry was founded in 2015 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 GPA Global

Shenzhen, China

GPA Global is an one-stop-shop premium packaging and displays solutions provider which sources from a wide network of more than 100 vendors across China. GPA Global was founded in 2009 and is based in Shenzhen, China.

Buy -
SELLER

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 14 of 15
Sector (Infrastructure) 3 of 3
Type (Add-on Acquisition) 7 of 8
State (Illinois) 2 of 2
Country (United States) 5 of 5
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-15 Waveconn

Sydney, Australia

Waveconn is an agile and flexible digital infrastructure business that is excited to play a role in the future of telecommunications. Created to meet the needs of the constantly evolving world of telecommunications, we apply our high level of industry experience in the digital infrastructure space. Waveconn was founded in 2022 and is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 LifeLabs

Toronto, Ontario, Canada

LifeLabs is a provider of more than 50 million laboratary tests to over 10 million patients and nearly 20,000 physicians across Canada. LifeLabs is based in Toronto, Canada.

Sell $985M
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