M&A Deal Summary

CK Infrastructure, Power Assets Holdings and CK Hutchison Acquire Australian Gas Networks

On May 8, 2014, CK Infrastructure, Power Assets Holdings and CK Hutchison acquired utilities company Australian Gas Networks

Acquisition Highlights
  • This is CK Infrastructure’s 13th, Power Assets Holdings’ 10th and CK Hutchison’s 3rd transaction in the Utilities sector.
  • This is CK Infrastructure’s 5th, Power Assets Holdings’ 3rd and CK Hutchison’s 1st transaction in Australia.

M&A Deal Summary
Date 2014-05-08
Target Australian Gas Networks
Sector Utilities
Buyer(s) CK Infrastructure
Power Assets Holdings
CK Hutchison
Deal Type Add-on Acquisition

Target

Australian Gas Networks

Adelaide, Australia
Australian Gas Networks Ltd. owns about 23,000 kilometers of natural gas distribution networks and 1,100 kilometers of transmission pipelines, serving over 1.2 million consumers in South Australia, Victoria, Queensland, New South Wales, and the Northern Territory.

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Buyer(S) 3

Buyer

CK Infrastructure

Hong Kong, China
Category Company
Founded 1996
Sector Infrastructure
Employees2,407
Revenue 6.0B HKD (2023)
DESCRIPTION

CK Infrastructure is a global infrastructure company that aims to make the world a better place through a variety of infrastructure investments and developments in different parts of the world. CK Infrastructure was founded in 1996 and is based in Hong Kong, China.

DEAL STATS #
Overall 17 of 22
Sector (Utilities) 13 of 14
Type (Add-on Acquisition) 4 of 7
Country (Australia) 5 of 6
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 AVR Afvalverwerking BV

Rozenburg, Netherlands

AVR Afvalverwerking BV is a waste disposal company that was founded by then 23-Rijnmond municipalities. In the early years the focus was mainly on the processing of household waste.

Buy €944M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Park N Fly

Atlanta, Georgia, United States

Park'N Fly is the sole off-airport parking provider that offers valet car park services for business and leisure travelers as well as provides 24-hour shuttle transportation services to ensure fast and easy transfer between the airport and car drop-off/pick-up area. Park 'N Fly was founded in 1967 and is based in Atlanta, Georgia.

Buy -
Buyer

Power Assets Holdings

Central, China
Category Company
Founded 1889
Sector Renewable Energy
Employees13
Revenue 1.3B HKD (2023)
DESCRIPTION

Power Assets Holdings is a provider in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, energy from waste and gas distribution. Power Assets Holdings was founded in 1889 and is based in Central, China.

DEAL STATS #
Overall 12 of 13
Sector (Utilities) 10 of 11
Type (Add-on Acquisition) 3 of 4
Country (Australia) 3 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 AVR Afvalverwerking BV

Rozenburg, Netherlands

AVR Afvalverwerking BV is a waste disposal company that was founded by then 23-Rijnmond municipalities. In the early years the focus was mainly on the processing of household waste.

Buy €944M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 Duet Group

Sydney, Australia

DUET Group is an owner and operator of energy utility assets predominately in Australia, and also in the United States, the United Kingdom, and Europe. DUET Group was formed in 2002 and is based in Sydney, Australia.

Buy AU$7.4B
Buyer

CK Hutchison

Hong Kong, China
Category Company
Founded 1828
Sector Real Estate
Employees300,000
Revenue 275.6B HKD (2023)
DESCRIPTION

CK Hutchison is a property development and strategic investment company. CK Hutchison is one of the largest developers in Hong Kong of residential, commercial, and industrial properties. CK Hutchison was founded in 1828 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 11 of 14
Sector (Utilities) 3 of 3
Type (Add-on Acquisition) 4 of 4
Country (Australia) 1 of 1
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 AVR Afvalverwerking BV

Rozenburg, Netherlands

AVR Afvalverwerking BV is a waste disposal company that was founded by then 23-Rijnmond municipalities. In the early years the focus was mainly on the processing of household waste.

Buy €944M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Park N Fly

Atlanta, Georgia, United States

Park'N Fly is the sole off-airport parking provider that offers valet car park services for business and leisure travelers as well as provides 24-hour shuttle transportation services to ensure fast and easy transfer between the airport and car drop-off/pick-up area. Park 'N Fly was founded in 1967 and is based in Atlanta, Georgia.

Buy -
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