M&A Deal Summary

Global Infrastructure Partners, CNP Assurances and Meridiam Acquire New Suez

On February 1, 2022, infrastructure investor Global Infrastructure Partners, CNP Assurances and Meridiam acquired utilities company New Suez from Suez

Acquisition Highlights
  • This is Global Infrastructure Partners’ 1st, CNP Assurances’ 1st and Meridiam’s 1st transaction in the Utilities sector.
  • This is Global Infrastructure Partners’ 1st, CNP Assurances’ 1st and Meridiam’s 1st transaction in France.

M&A Deal Summary

Date 2022-02-01
Target New Suez
Sector Utilities
Buyer(s) Global Infrastructure Partners
CNP Assurances
Meridiam
Sellers(s) Suez
Deal Type Divestiture

Target

New Suez

Paris, France
New Suez includes Suez's Water and Recycling & Recovery activities in France, international assets in Italy, Central Europe, Africa including Morocco, Central Asia, India, China and Australia, as well as global digital and environmental activities,

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Buyer(S) 3

Buyer

Global Infrastructure Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 170.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Global Infrastructure Partners (GIP) is a global investment firm that invests in infrastructure assets worldwide. GIP looks to work in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practices to enhance operating efficiencies. The Firm focuses on larger scale investments in assets that provide essential services, have high barriers to entry and offer significant governance positions. GIP primarily targets opportunities in OECD countries, while maintaining a global perspective and the flexibility to pursue assets with the potential for attractive risk-adjusted returns in selected non-OECD countries. Global Infrastructure Partners was established in 2007 and is headquartered in New York, New York.


DEAL STATS #
Overall 16 of 23
Sector: Utilities M&A 1 of 2
Type: Divestiture M&A Deals 2 of 3
Country: France M&A 1 of 1
Year: 2022 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 CyrusOne

Dallas, Texas, United States

CyrusOne is a global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. TCyrusOne was founded in 2001 and is based in Dallas, Texas.

Buy $15.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-09 Ascend Telecom Infrastructure

Bangalore, India

Ascend Telecom Infrastructure is a independent owner and provider of world class passive telecom infrastructure on a shared, multi tenancy basis for the mobile services and wireless sector in India. Ascend is a Category I Infrastructure Provider (IP-I) registered with the Department of Telecommunications, Government of India. Ascend Telecom Infrastructure was founded in 2002 and is based in Bangalore, Karnataka.

Buy -
Buyer

CNP Assurances

Paris, France

Category Company
Founded 1850
Sector Insurance
Employees5,429
Revenue 34.0B EUR (2020)
DESCRIPTION

CNP Assurances is a provider of life insurance and term creditor insurance, company provi Savings, Pensions, and Personal Risk products and services. CNP Assurances was founded in 1850 and is based in Paris, France.


DEAL STATS #
Overall 3 of 3
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: France M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Aviva - Life Insurance Businesses

London, United Kingdom

Aviva's Life Insurance Businesses provides a full range of insurance services.

Buy £462M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 CNP Partners

Madrid, Spain

CNP Partners is a life insurance company domiciled in Spain specializing in savings products, which it distributes mainly through bancassurance agreements and intermediation channels in Spain and Italy. CNP Partners is based in Madrid, Spain.

Sell -
Buyer

Meridiam

Paris, France

Category Company
Founded 2005
Sector Construction
DESCRIPTION

Meridiam is an asset manager that specializes in development, financing, and long-term management of sustainable infrastructure assets in three core sectors: sustainable mobility, critical public services and innovative low carbon solutions. Meridiam was founded in 2005 and is based in Paris, France.


DEAL STATS #
Overall 1 of 2
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-13 Conrac Solutions

Renton, Washington, United States

Conrac Solutions is a developer and operator of rent-a-car facilities in partnership with airports and the rent-a-car industry across the U.S. Conrac Solutions’ facilities deliver a centralized, more efficient car rental experience for travelers and multiple decongestion and decarbonization benefits to airports, making Conrac Solutions a priority partner for airport authorities and managers. Conrac Solutions is based in Renton, Washington.

Buy -

Seller(S) 1

SELLER

Suez

Paris, France

Category Company
Founded 1869
Sector Utilities
Revenue 17.2B EUR (2020)
DESCRIPTION

Suez Environment supplies drinking water, provides waste water treatment services and collects the waste produced by more than 52 million people. Suez was founded in 1869 and is based in Paris, France.


DEAL STATS #
Overall 3 of 3
Sector: Utilities M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: France M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 ARIA Technologies

Boulogne-Billancourt, France

ARIA Technologies is a company specializing in the study and modelisation of atmospheric environment, is leaving the Air Liquide group and speeding up its development. ARIA Technologies was founded in 1990 and is based in Boulogne-Billancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 EnviroServ

Germiston, South Africa

EnviroServ provides its customers with total service solutions and environmental peace of mind, whilst raising the standards in environmental stewardship. EnviroServ was founded in 1945 and is based in Germiston, South Africa.

Buy -