M&A Deal Summary

DIF Capital Partners and abrdn Private Equity Acquire UNITANK

On February 28, 2019, infrastructure investor DIF Capital Partners and private equity firm abrdn Private Equity acquired real estate company UNITANK

Acquisition Highlights
  • This is DIF Capital Partners’ 1st and abrdn Private Equity’s 1st transaction in the Real Estate sector.
  • This is DIF Capital Partners’ 1st and abrdn Private Equity’s 1st transaction in Germany.

M&A Deal Summary

Date 2019-02-28
Target UNITANK
Sector Real Estate
Buyer(s) DIF Capital Partners
abrdn Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

UNITANK

Hamburg, Germany
UNITANK is an independent and neutral infrastructure and services provider storing liquid oil products. The company owns and operates five terminals in Germany and one terminal in Belgium, all in key strategic locations. The terminals handle diesel, gasoline, jet fuel, and heating oil and have a total storage capacity of c. 1.1 million cubic meters. UNITANK is based in Hamburg, Germany.

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Buyer(S) 2

Buyer

DIF Capital Partners


Category Infrastructure
Founded 2005
PE ASSETS 16.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

DIF Capital Partners is a private investment firm focused on infrastructure and real assets. The Firm targets opportunities across Europe, North America, and Australia and generally looks to commit €10 to €250 per transaction or project. Targeted assets include telecom infrastructure, rail, energy and non-regulated utility sectors. DIF Capital Partners was formed in 2005 and is headquartered in Schiphol, Netherlands.


DEAL STATS #
Overall 4 of 35
Sector: Real Estate M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 10
Country: Germany M&A 1 of 3
Year: 2019 M&A 1 of 4
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 BluEarth Renewables

Calgary, Alberta, Canada

BluEarth Renewables is an independent, power producer that develops, builds, owns and operates wind, hydro and solar facilities. BluEarth Renewables was founded in 2010 and is based in Calgary, Alberta.

Buy -
DESCRIPTION

abrdn Private Equity is the direct infrastructure investment arm of asset manager abdrn plc (formerly Aberdeen Standard Investments). The Group looks to invest in operational assets and build a diversified portfolio across utilities, transport and energy infrastructure in Europe and North America. abrdn Private Equity operates out of Edinburgh and London.


DEAL STATS #
Overall 3 of 7
Sector: Real Estate M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 NGT

The Hague, Netherlands

NGT owns and operates offshore pipeline system and one onshore gas treatment plant in Uithuizen (Netherlands). NGT is based in The Hague, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Orion Water Partners

Carlsbad, California, United States

Orion Water Partners is a joint venture to construct, own and operate the Carlsbad Desalination Plant. Completed in December 2015 after a three-year construction process, the Carlsbad Desalination Plant is the largest seawater desalination plant in the Western Hemisphere. The plant produces as much as 10% of San Diego’s drinking water under a 30-year off-take agreement with the San Diego County Water Authority, ensuring drought-proof supply for nearly a half-million residents of Southern California.

Buy -