M&A Deal Summary

EQT Acquires Groupe OCEA

On April 4, 2024, private equity firm EQT acquired infrastructure company Groupe OCEA from Intermediate Capital Group

Acquisition Highlights
  • This is EQT’s 2nd transaction in the Infrastructure sector.
  • This is EQT’s 6th transaction in France.

M&A Deal Summary

Date 2024-04-04
Target Groupe OCEA
Sector Infrastructure
Buyer(s) EQT
Sellers(s) Intermediate Capital Group
Deal Type Secondary Buyout

Target

Groupe OCEA

Courbevoie, France
Groupe OCEA is a provider of smart water and heat metering infrastructure. Groupe OCEA is based in Courbevoie, France.

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Buyer(S) 1

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 298 of 315
Sector (Infrastructure) 2 of 2
Type (Secondary Buyout) 88 of 96
Country (France) 6 of 6
Year (2024) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Avetta

Lehi, Utah, United States

Avetta is a provider of a cloud-based supply chain risk management platform. Avetta connects global organizations across several industries including oil/gas, telecom, construction materials, facilities management, and many others, with qualified and vetted suppliers, contractors, and vendors. Avetta was founded in 2003 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Universidad Europea

Madrid, Spain

Universidad Europea is a network of higher education offering undergraduate and graduate degree programs and an international, innovative education tailored to today's job market. Universidad Europea is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 217 of 217
Sector (Infrastructure) 1 of 1
Type (Secondary Buyout) 83 of 83
Country (France) 58 of 58
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 Alfa Medicus

Singapore, Singapore

Alfa Medicus is a private day surgery provider, with a focus on delivering cost-effective, surgical care and diagnostic imaging services. Alfa Medicus was founded in 2008 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Staysure Group

Northampton, United Kingdom

Staysure Group is a travel insurance provider which focuses on older individuals and those with pre-existing medical conditions (PEMC). Staysure Group was founded in 2004 and is based in Northampton, United Kingdom.

Buy -