M&A Deal Summary

Brookfield Private Equity and Infratil Acquire Vodafone New Zealand

On May 14, 2019, private equity firm Brookfield Private Equity and Infratil acquired communications company Vodafone New Zealand from Vodafone Group for 3.4B NZD

Acquisition Highlights
  • This is Brookfield Private Equity’s 1st and Infratil’s 1st transaction in the Communications sector.
  • This is Brookfield Private Equity’s 7th and Infratil’s largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 1st and Infratil’s 2nd transaction in New Zealand.

M&A Deal Summary
Date 2019-05-14
Target Vodafone New Zealand
Sector Communications
Buyer(s) Brookfield Private Equity
Infratil
Sellers(s) Vodafone Group
Deal Type Divestiture
Deal Value 3.4B NZD

Target

Vodafone New Zealand

Auckland,, New Zealand
Vodafone New Zealand Limited provides telecommunication services and also offers mobile, broadband, and TV services. The quality and availability of its networks have a direct bearing on New Zealand's competitiveness and future growth prospects.

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Buyer(S) 2

Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 44.0B CAD
Size Mega
Type Sector Agnostic
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 15 of 26
Sector (Communications) 1 of 2
Type (Divestiture) 6 of 6
Country (New Zealand) 1 of 1
Year (2019) 1 of 3
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 BGIS

Markham, Ontario, Canada

BGIS is a provider of real estate management services, including facilities management, project delivery services, energy and sustainability solutions, building performance management, workplace advisory and management, and real estate services. BGIS was established in 1992 and is based in Markham, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Genesee & Wyoming

Darien, Connecticut, United States

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.

Buy $8.4B
Buyer

Infratil

Wellington, New Zealand
Category Company
Founded 1994
Sector Utilities
Employees3,760
Revenue 3.0B NZD (2024)
DESCRIPTION

Infratil is an owner and operator of businesses in the energy (mainly renewable), airport, public transport, and social infrastructure sectors. Infratil was founded in 1994 and is based in Wellington, New Zealand.

DEAL STATS #
Overall 5 of 5
Sector (Communications) 1 of 1
Type (Divestiture) 3 of 3
Country (New Zealand) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-19 Canberra Data Centres Pty

Fyshwick, Australia

Canberra Data Centres Pty Ltd. is a provider of outsourced data centre co-location services to the Australian Federal Government. CDC currently operates 3 data centre facilities Hume 1, Hume 2 and Fyshwick 1. In addition to the 3 existing sites, CDC has started construction on Hume 3 (on adjacent land to Hume 1 and 2) and is also planning Fyshwick 2. Canberra Data Centres was founded in 2007 and is based in Fyshwick, Australia.

Buy -

Seller(S) 1

SELLER

Vodafone Group

Newbury, United Kingdom
Category Company
Founded 1984
Sector Communications
Employees93,000
Revenue 36.7B EUR (2024)
DESCRIPTION

Vodafone Group is a multinational telecommunications company. Vodafone operates networks in 21 countries and provides communications and IT services to corporate clients in over 65 countries. Vodafone Group was founded in 1984 and is based in Newbury, the United Kingdom.

DEAL STATS #
Overall 3 of 4
Sector (Communications) 3 of 4
Type (Divestiture) 2 of 3
Country (New Zealand) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Liberty Global - Four Businesses

London, United Kingdom

Liberty Global Plc - Four Businesses has operations in Germany, Hungary, Romania and the Czech Republic provides cable television and broadband services. Together, these country operations reach 24 million homes, account for 26 million video, broadband and fixed-line telephony subscribers and 6 million mobile services.

Buy €19.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 AST SpaceMobile

Midland, Texas, United States

AST SpaceMobile is a builder of a global broadband cellular network in space to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile was founded in 2017 and is based in Midland, Texas.

Buy -
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