M&A Deal Summary

Brookfield Private Equity Acquires AusNet

On February 7, 2022, private equity firm Brookfield Private Equity acquired utilities company AusNet for 10.1B AUD

Acquisition Highlights
  • This is Brookfield Private Equity’s 1st transaction in the Utilities sector.
  • This is Brookfield Private Equity’s 2nd largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 2nd transaction in Australia.

M&A Deal Summary

Date 2022-02-07
Target AusNet
Sector Utilities
Buyer(s) Brookfield Private Equity
Deal Type Going Private
Deal Value 10.1B AUD
Advisor(s) Allens (Legal)

Target

AusNet

Southbank, Australia
AusNet owns and operates a gas distribution network that supplies natural gas. AusNet was founded in 2014 and is based in Southbank, Australia.

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Buyer(S) 1

DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


DEAL STATS #
Overall 21 of 26
Sector: Utilities M&A 1 of 1
Type: Going Private M&A Deals 5 of 7
Country: Australia M&A 2 of 2
Year: 2022 M&A 2 of 5
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Cupa Group

Ourense, Spain

CUPA Group is a global producer of roofing slates. The company also owns the second-largest distributor of roofing materials in the UK and is present in the distribution of natural stone products in France and Spain. Cupa Group was founded in 1892 and is based in Ourense, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-06 Watermark Lodging

Chicago, Illinois, United States

Watermark Lodging is a self-managed non-traded real estate investment trust with a portfolio of high-quality lodging assets. Our premier portfolio, which is primarily focused on Luxury and Upper Upscale properties, was built over a decade through investing in high barrier to entry and growth markets as well as intensive asset management.

Buy $3.8B