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M&A Deal Summary

Grupo ETE Acquires Manicargas

On January 1, 2017, Grupo ETE acquired business services company Manicargas from iCON Infrastructure

Acquisition Highlights
  • This is Grupo ETE’s 1st transaction in the Business Services sector.
  • This is Grupo ETE’s 1st transaction in Portugal.

M&A Deal Summary
Date 2017-01-01
Target Manicargas
Sector Business Services
Buyer(s) Grupo ETE
Sellers(s) iCON Infrastructure
Deal Type Add-on Acquisition

Target

Manicargas

Perafita, Portugal
Manicargas is a provider of loading and unloading of vessels settle down at the ports of Douro and Leixoes, activity it continued to develop until the beginning of the operation of concessions for port handling services in Leixoes by TCL and TCGL. Manicargas is based in Perafita, Portugal.

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Buyer(S) 1

Buyer

Grupo ETE

Lisbon, Portugal
Category Company
Founded 1936
Sector Marine
DESCRIPTION

Grupo ETE brings together a group of interconnected companies whose functions complement each other in order to provide value-added services to their customers. Grupo ETE was founded in 1936 and is based in Lisbon, Portugal.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Portugal M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

iCON Infrastructure

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

iCON Infrastructure is an independent private equity firm focused on investing in infrastructure assets throughout Europe and North America. iCON targets mid-market opportunities covering transportation, utilities, communications, energy, and environmental. iCON Infrastructure was founded in 2004 and is based in London, England.

DEAL STATS #
Overall 4 of 10
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 6
Country: Portugal M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Gasnatet Stockholm

Stockholm, Sweden

Gasnatet Stockholm owns gas transmission network in the Stockholm region and is involved in the development, operation and maintenance of them. Gas network currently consists of about 60 mil for natural gas pipes in Stockholm, Solna and Sundbyberg and a 4 mil long vehicle gas. Gasnatet Stockholm is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Oslofjord Varme

Sandvika, Norway

Oslofjord Varme is a heat production and district heat and cooling businesses. Its heat production capacity consists mainly of heat pumps and business-to-business heat plants with a combined capacity of 210 MW, which together deliver district heat and district cooling to customers in the Greater Oslo and Akershus areas. Oslofjord Varme is based in Sandvika, Norway.

Sell -
Mergr

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