M&A Deal Summary

China Southern Power Grid International Acquires Enovos

On July 31, 2018, China Southern Power Grid International acquired utilities company Enovos from Ardian

Acquisition Highlights
  • This is China Southern Power Grid International’s 2nd transaction in the Utilities sector.
  • This is China Southern Power Grid International’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2018-07-31
Target Enovos
Sector Utilities
Buyer(s) China Southern Power Grid International
Sellers(s) Ardian
Deal Type Add-on Acquisition

Target

Enovos

Strassen, Luxembourg
Enovos is an integrated utility company focused on electricity and gas transmission and supply as well as power generation including renewables. Enovos is based in Strassen, Luxembourg.

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Buyer(S) 1

Buyer
DESCRIPTION

China Southern Power Grid International engages in power supply in hong kong .It Operates China Southern Power Grid International


DEAL STATS #
Overall 2 of 2
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country (Luxembourg) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 Castle Peak Power

Hong Kong, China

Castle Peak Power Company Limited owns and operates coal fired power stations. Company had a total capacity of 4,108 megawatts, Black Point Power Station with a total capacity of 2,500 megawatts, and Penny’s Bay Power Station with a total capacity of 300 megawatts.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 157 of 222
Sector (Utilities) 3 of 3
Type (Add-on Acquisition) 42 of 52
Country (Luxembourg) 1 of 1
Year (2018) 16 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 Saur

Issy-les-Moulineaux, France

Saur is a drinking and wastewater management company focused on small/mid-sized cities across France. The company is also active internationally, particularly in Iberia, Saudi Arabia, and Poland. Saur was founded in 1933 and is based in Issy-les-Moulineaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-03 ASTM

Tortona, Italy

ASTM is an operator in the management of motorway concessions with around 4,500 kilometres of network under concession in countries such as Italy, Brazil and the United Kingdom. In the design and construction of large infrastructure works, ASTM operates through SINA , the Group's engineering company, and through ITINERA , a global player in the construction of transport infrastructures (roads, highways, railways, subways, bridges, viaducts, tunnels) and of civil construction projects (hospitals, large shopping centers, airports). ASTM is based in Tortona, Italy.

Buy -