M&A Deal Summary

CK Infrastructure and Power Assets Holdings Acquire Duet Group

On January 16, 2017, CK Infrastructure and Power Assets Holdings acquired utilities company Duet Group for 7.4B AUD

Acquisition Highlights
  • This is CK Infrastructure’s 14th and Power Assets Holdings’ 11th transaction in the Utilities sector.
  • This is CK Infrastructure’s and Power Assets Holdings’ largest (disclosed) transaction.
  • This is CK Infrastructure’s 6th and Power Assets Holdings’ 4th transaction in Australia.

M&A Deal Summary
Date 2017-01-16
Target Duet Group
Sector Utilities
Buyer(s) CK Infrastructure
Power Assets Holdings
Deal Type Add-on Acquisition
Deal Value 7.4B AUD

Target

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.

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Buyer(S) 2

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 21 of 22
Sector (Utilities) 14 of 14
Type (Add-on Acquisition) 6 of 7
Country (Australia) 6 of 6
Year (2017) 2 of 3
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Reliance Home Comfort

Toronto, Ontario, Canada

Reliance Home Comfort is a provider of affordable, reliable home and business heating, cooling, hot water, water purification, electrical, plumbing & Smart Home products & services. Reliance Home Comfort is based in Toronto, Ontario.

Buy CA$2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 ista International

Essen, Germany

ista International GmbH sells a range of meter hardware and also provides a comprehensive package of related services such as meter installation, meter reading, billing, data processing, and maintenance. ista International GmbH was formed in 1999 and is based in Essen, Germany.

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 13 of 13
Sector (Utilities) 11 of 11
Type (Add-on Acquisition) 4 of 4
Country (Australia) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 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.

Buy -
Mergr

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