Stake Purchase • Utilities

I Squared Capital Invests In Tepsa

On April 30, 2020, infrastructure investor I Squared Capital invested in utilities company Tepsa from Rubis

Investment Context
  • This is I Squared Capital’s 6th transaction in the Utilities sector.
  • This is I Squared Capital’s 2nd transaction in France.

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Investment Summary

Date April 30, 2020
Target Tepsa
Sector Utilities
Investor(s) I Squared Capital
Sellers(s) Rubis
Deal Type Stake Purchase

Target Company

Tepsa

Paris, France
Tepsa is an independent company specialized in distributing petroleum products (fuel, LPG, etc.) and storing liquid products (petroleum products, chemicals, agro products, fertilizers). Tepsa was formed in 1877 and is based in Paris, France.
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Investor Overview 1

DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.


Deal Context for Investor #
Overall 18 of 54
Sector: Utilities 6 of 12
Type: Stake Purchase 2 of 2
Country: France 2 of 2
Year: 2020 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 American Intermodal Management

Scottsdale, Arizona, United States

American Intermodal Management is bringing supply chain optimization and vendor management to the forefront of the shipping marketplace using superior equipment as the technological vessel. The company is looking to reshuffle the priorities of the international shipper by combining old-school knowledge and a customer first mentality with new-school analytics and technology. American Intermodal Management was founded in 2016 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Orazul Energy Group

Peru

Orazul Energy Group is a power generation and transmission company in Latin America, operating across Peru, Chile, Ecuador, Central America and Argentina, with a history of strong operating and financial performance.

Sell -

Seller Profile 1

SELLER

Rubis

Paris, France

Category Company
Founded 1990
Sector Utilities
Employees4,262
Revenue 6.6B EUR (2024)
DESCRIPTION

Rubis is an independent international operator specializing in the downstream petroleum and chemicals sector, and operates bulk liquid storage facilities (for petroleum products). Rubis was founded in 1990 and is based in Paris, France.


Deal Context for Seller #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Stake Purchase 1 of 1
Country: France 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 The Antilles Group

Kingston, Jamaica

The Antilles Group("TAG") f/k/a Cool Petroleum, the licensed user of Shell brands in Jamaica, is an integrated downstream petroleum products business operating in the market. TAG is the exclusive distributor of Shell bulk fuels and Shell Lubricants. The Company is the largest fuel retailer by volume in Jamaica and also operates an extensive network of more than 50 service stations in the country under the prestigious Shell brand. TAG also markets to companies that benefit from purchasing fuel, lubricants and raw chemical materials in bulk for commercial fleets and heavy machinery.

Buy -

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