M&A Deal Summary

Cubico Sustainable Investments Acquires Andasol 1&2

On July 27, 2017, Cubico Sustainable Investments acquired infrastructure company Andasol 1&2 from Antin Infrastructure Partners

Acquisition Highlights
  • This is Cubico Sustainable Investments’ 1st transaction in the Infrastructure sector.
  • This is Cubico Sustainable Investments’ 1st transaction in Spain.

M&A Deal Summary

Date 2017-07-27
Target Andasol 1&2
Sector Infrastructure
Buyer(s) Cubico Sustainable Investments
Sellers(s) Antin Infrastructure Partners
Deal Type Add-on Acquisition

Target

Andasol 1&2

Andalusia, Spain
Andasol 1&2 solar power station is Europe's first commercial parabolic trough solar thermal power plant. Andasol 1&2 is based in Andalusia, Spain.

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Buyer(S) 1

Buyer

Cubico Sustainable Investments

London, United Kingdom

Category Company
Founded 2015
Sector Renewable Energy
DESCRIPTION

Cubico Sustainable Investments are a renewable energy and water infrastructure company. Its initial portfolio included 18 wind, solar and water infrastructure assets previously owned by Santander, representing a net capacity of 1.2 gigawatts (GW). Since inception, Cubico opened regional offices in London, Milan, Sao Paulo and Mexico City. It also successfully completed four acquisitions spanning four different countries, growing its total net capacity to 1.62 GW. The company’s portfolio now comprises 22 wind, solar and water infrastructure assets in operation, construction or under development across eight countries (Brazil, Italy, Ireland, Mexico, Portugal, Spain, United Kingdom and Uruguay). Cubico Sustainable Investments was founded in 2015 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 2
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Spain) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 T-Solar Global SA

Madrid, Spain

T-Solar Global SA is a generator of solar photovoltaic (PV) power to European clients. T-Solar Global was formed in 2006 and is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Antin Infrastructure Partners

Paris, France

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 31.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Antin Infrastructure Partners is an infrastructure investment firm focused on opportunities throughout the Europe. Antin looks for assets with low technology risk and limited operating risk. Specific areas of interest include transportation (toll roads, airports, ports, car parks), energy/environment (gas storage, LNG terminals, energy transmission, distribution, water infrastructure, waste management), and telecom (GSM towers, ADSL networks, broadcast networks, cable networks, and satellites). The lead sponsor of Antin is BNP Paribas. Antin Infrastructure Partners was established in 2007 and is based in Paris.


DEAL STATS #
Overall 3 of 12
Sector (Infrastructure) 1 of 2
Type (Add-on Acquisition) 1 of 3
Country (Spain) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-23 Kisimul

Lincoln, United Kingdom

Kisimul is a provider of residential education and care services to children and adults with severe learning difficulties, autism, challenging behaviour, Asperger syndrome and other related disabilities. Kisimul was founded in 1977 and is based in Lincoln, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 Almaviva Sante

Puyrucard, France

Almaviva Sante is a provider of healthcare services to regional centers of expertise (e.g. orthopedics, ophthalmology, cardiology, dialysis). Almaviva was founded in 2007 and is based in Puyrucard, France.

Buy -