Investment Summary

Basalt Infrastructure Partners Invests In Caronte & Tourist

On January 8, 2019, infrastructure investor Basalt Infrastructure Partners invested in internet software and services company Caronte & Tourist

Investment Highlights
  • This is Basalt Infrastructure Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Basalt Infrastructure Partners’ 2nd transaction in Italy.

Investment Summary

Date 2019-01-08
Target Caronte & Tourist
Sector Internet Software and Services
Investor(s) Basalt Infrastructure Partners
Deal Type Growth Capital

Target

Caronte & Tourist

Messina, Italy
Caronte & Tourist owns and operates 26 ferries providing lifeline ferry services between Sicily and the Italian mainland (Strait of Messina) and between Sicily and the Sicilian minor islands. Caronte & Tourist was founded in 2003 and is based in Messina, Italy.

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Investor(S) 1

Investor

Basalt Infrastructure Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Basalt Infrastructure Partners is an infrastucture investor focused on opportunities across North America and Europe. The Firm's principal areas of interest include utilities, energy, and transportation. Basalt prefers assets with significant barriers to entry, sustainable long-term cash-flows, and high operating margins. In addition to acquiring operational assets, the Basalt will also consider late stage construction projects. Basalt Infrastructure Partners was founded in 2011 and is headquartered in London.


DEAL STATS #
Overall 3 of 17
Sector: Internet Software and Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: Italy M&A 2 of 2
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 Mareccio Energia

Italy

Mareccio Energia is a platform which Basalt has established for the aggregation of small scale operational Italian solar parks. The Italian small scale solar market is highly fragmented and parks benefit from a long term fixed tariff. Mareccio has been established with the objective of acquiring a substantial portfolio of assets and will therefore have the opportunity to deliver financial and operational enhancement to the portfolio through the increased scale of operations. Mareccio Energia was founded in 2017 and is based in Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Manx Telecom

Braddan, United Kingdom

Manx Telecom is a telecommunications and internet provider offering a full range of fixed-line, mobile and data services to consumers and businesses. Manx Telecom was founde in 1987 and is based in Braddan, United Kingdom.

Buy £226M