M&A Deal Summary

EQT and OMERS Infrastructure Acquire Deutsche Glasfaser

On February 10, 2020, private equity firm EQT and infrastructure investor OMERS Infrastructure acquired internet software and services company Deutsche Glasfaser from KKR

Acquisition Highlights
  • This is EQT’s 7th and OMERS Infrastructure’s 1st transaction in the Internet Software and Services sector.
  • This is EQT’s 36th and OMERS Infrastructure’s 3rd transaction in Germany.

M&A Deal Summary

Date 2020-02-10
Target Deutsche Glasfaser
Sector Internet Software and Services
Buyer(s) EQT
OMERS Infrastructure
Sellers(s) KKR
Deal Type Secondary Buyout

Target

Deutsche Glasfaser

Borken, Germany
Deutsche Glasfaser is a provider of fiber-optic internet connectivity for private households and business customers in rural Germany. Deutsche Glasfaser was founded in 2011 and is based in Borken, Germany.

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Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 227 of 317
Sector (Internet Software and Services) 7 of 21
Type (Secondary Buyout) 61 of 97
Country (Germany) 36 of 44
Year (2020) 5 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 RIMES

New York, New York, United States

RIMES is a provider of managed data services and regulatory solutions for the buy side. RIMES is a pioneer provider of cloud-based technology that delivers highly customized financial data over the Internet. RIMES was founded in 1996 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Schülke

Norderstedt, Germany

Schülke develops, produces, and distributes antiseptics for wound care, disinfectants, medical and cosmetic skin care products, and preservatives. The company offers its customers innovative products, technologies, and services in its core business fields: healthcare, industrial hygiene, and personal care. Schülke was formed in 1889 and is based in Norderstedt, Germany.

Buy -
Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.


DEAL STATS #
Overall 43 of 53
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 6 of 11
Country (Germany) 3 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-24 VTG

Hamburg, Germany

VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 Detroit River Tunnel

Detroit, Michigan, United States

Detroit River Tunnel Co. owns a cross-border rail tunnel linking Detroit, Michigan, and southwestern Ontario - a vital transportation link for commercial freight between the United States and Canada in the critical transportation corridor between the Port of Montreal and Chicago.

Sell $312M

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 138 of 205
Sector (Internet Software and Services) 7 of 17
Type (Secondary Buyout) 24 of 35
Country (Germany) 13 of 16
Year (2020) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Calisen

Manchester, United Kingdom

Calisen is an owner and manager of essential energy infrastructure assets. Calisen was founded in 2002 and is based in Manchester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Legg Mason

Baltimore, Maryland, United States

Legg Mason, Inc. is an asset management firm, providing active asset management in many major investment centers throughout the world. Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason was formed in 1899 and is based in Baltimore, Maryland.

Sell $4.5B