M&A Deal Summary

Igneo Infrastructure Partners Acquires International Parking Group

On February 1, 2003, infrastructure investor Igneo Infrastructure Partners acquired consumer services company International Parking Group from Propel Investments Pty

Acquisition Highlights
  • This is Igneo Infrastructure Partners’ 1st transaction in the Consumer Services sector.
  • This is Igneo Infrastructure Partners’ 2nd transaction in Australia.

M&A Deal Summary

Date 2003-02-01
Target International Parking Group
Sector Consumer Services
Buyer(s) Igneo Infrastructure Partners
Sellers(s) Propel Investments Pty
Deal Type Secondary Buyout

Target

International Parking Group

Melbourne, Australia
International Parking Group (IPG) is a provider of carparking development and operating management at major public hospitals. At the time of exit, IPG held eight hospital car parks under long-term lease/licences issued by various health service authorities. International Parking Group was founded in 1994 and is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

Igneo Infrastructure Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 1994
PE ASSETS 16.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Igneo Infrastructure Partners is a global infrastructure investment firm within the First?Sentier?Investors Group, focusing on mature mid?market infrastructure assets across renewables, digital infrastructure, utilities, transportation, and waste management. The Firm adopts a long-term, hands-on investment horizon to drive innovation, responsible investment practices, and sustainable value creation. Igneo Infrastructure Partners was formed in 1994 and is headquartered in London.


DEAL STATS #
Overall 2 of 23
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Australia M&A 2 of 7
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Adelaide Airport

Adelaide, Australia

Adelaide Airport is a domestic and international gateway to South Australia, with an expanded airport terminal. Its aeronautical revenue base is supported by diversified revenue streams including retail, parking and property. Adelaide Airport is based in Adelaide, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Quantem

Melbourne, Australia

Quantem is the owner and operator of bulk liquid storage facilities across twelve locations in Australia and New Zealand with total terminal capacity of approximately 600,000 cubic metres. The business provides storage for products including industrial chemicals, fats and oils petrochemicals and bulk petroleum with the ability to handle hazardous and non-hazardous, and flammable and combustible products. Quantem is based in Melbourne, Australia.

Buy -

Seller(S) 1

SELLER

Propel Investments Pty

Pyrmont, Australia

Category Private Equity Firm
Founded 2007
PE ASSETS 447M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Propel investments is middle-market private equity firm focused on buyout, buy-in, and expansion investments in Australia and New Zealand. Propel looks to invest AU$20 to $80 million in established businesses valued between AU$50 to AU$250 million. Target industries include business services, financial services, retail/wholesale, bulk storage facilities, consumer products, and healthcare. Propel Investments was formed in 2007 and is based in Sydney.


DEAL STATS #
Overall 1 of 12
Sector: Consumer Services M&A 1 of 4
Type: Secondary Buyout M&A Deals 1 of 3
Country: Australia M&A 1 of 9
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-01 Marstel Terminals

Auckland City, New Zealand

Marstel Terminals Ltd is a marstel specialty services include the storage of bulk and packaged hazardous and non-hazardous products, packaging, contract blending and manufacturing. The product range includes chemicals, fuels, lubes and edible oils.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 Hudson Building Supplies Pty

Rouse Hill, Australia

HBS is an established well-known brand in the timber and hardware industry. The company has 15 trade-focused stores in NSW and southeast Queensland and is the third largest building supplies business on the east coast of Australia.

Buy -