Add-on Acquisition • Transportation

Brittany Ferries Acquires Condor Group

On November 14, 2019, Brittany Ferries acquired transportation company Condor Group from Macquarie Infrastructure and Real Assets

Acquisition Context
  • This is Brittany Ferries’ 1st transaction in the Transportation sector.
  • This is Brittany Ferries’ 1st transaction in the United Kingdom.

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M&A Deal Summary

Date November 14, 2019
Target Condor Group
Sector Transportation
Buyer(s) Brittany Ferries
Sellers(s) Macquarie Infrastructure and Real Assets
Deal Type Add-on Acquisition

Target Company

Condor Group

Poole, United Kingdom
Condor Group Ltd. is an operator of lifeline freight and passenger ferry services. Each year, Condor Ferries carries approximately 1 million passengers, 200,000 passenger vehicles, and over 900,000 freight lane meters between Guernsey, Jersey, the United Kingdom, and the Port of St. Malo in France.
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Buyer Overview 1

Buyer

Brittany Ferries

Roscoff Cedex, France

Category Company
Founded 1972
Sector Transportation
DESCRIPTION

Brittany Ferries engages in French maritime transport an atypical leader, under private ownership, still owned by a Breton agricultural cooperative. Eighty-five percent of the company’s passengers are British. Around 210,000 freight units are carried each year.


Deal Context for Buyer #
Overall 1 of 1
Sector: Transportation 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2019 1 of 1

Seller Profile 1

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


Deal Context for Seller #
Overall 6 of 11
Sector: Transportation 2 of 2
Type: Add-on Acquisition 2 of 4
Country: United Kingdom 3 of 3
Year: 2019 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-27 Gwynt y Môr Offshore Wind Farm

United Kingdom

Gwynt y Môr Offshore Wind Farm is a 576 MW offshore wind farm positioned 13 kilometres off the coast of North Wales. Operational since 2015, Gwynt y Môr is comprised of 160 3.6 MW wind turbines spread across 80 square kilometers. Each year, the wind farm provides enough clean electricity to power approximately 430,000 UK homes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Renvico Holding S.r.l.

Milan, Italy

Founded in 2000, Renvico Holding S.r.l. is a renewable energy company with 334 MW of wind power installed in Italy and France. The company is focused on the acquisition, development, and management of wind farms with care and attention from start to finish.

Sell -