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M&A Deal Summary

Infranode, Skandinavisk Kommunalteknik and Mirova Acquire Oslofjord Varme

On March 9, 2018, Infranode, Skandinavisk Kommunalteknik and Mirova acquired utilities company Oslofjord Varme from iCON Infrastructure

Acquisition Highlights
  • This is Infranode’s 1st, Skandinavisk Kommunalteknik’s 1st and Mirova’s 1st transaction in the Utilities sector.
  • This is Infranode’s 1st, Skandinavisk Kommunalteknik’s 1st and Mirova’s 1st transaction in Norway.

M&A Deal Summary
Date 2018-03-09
Target Oslofjord Varme
Sector Utilities
Buyer(s) Infranode
Skandinavisk Kommunalteknik
Mirova
Sellers(s) iCON Infrastructure
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 3

Buyer

Infranode

Stockholm, Sweden
Category Company
Founded 2014
Sector Financial Services
DESCRIPTION

Infranode is a company that invests long-term in essential infrastructure in the Nordic region within energy, transport, digital infrastructure and social infrastructure. Our investors include well-known pension funds and institutions such as KPA Pension, the Fourth Swedish National Pension Fund, Folksam and the EIB. Infranode was founded in 2014 and is based Stockholm, Sweden.

DEAL STATS #
Overall 1 of 2
Sector: Utilities M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 2
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Hafslund Oslo Celsio

Oslo, Norway

Hafslund Oslo Celsio is a heating provider. Company delivers sustainable district heating and power to commercial and residential properties throughout Oslo, providing heating and hot water to more than 200,000 people. Hafslund Oslo Celsio was founded in 2017 and is based in Oslo, Norway.

Buy -
Buyer

Skandinavisk Kommunalteknik

Taby, Sweden
Category Company
Founded 1980
Sector Environmental
Employees27
DESCRIPTION

Skandinavisk Kommunalteknik is a provider of tailor pressure sewer solutions (LTA) to municipalities, communities and individual installations. Skandinavisk Kommunalteknik specializes in solving tricky sewage problems and has delivered more than 50,000 pumps. Skandinavisk Kommunalteknik was founded in 1980 and is based in Taby, Sweden.

DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2018 M&A 1 of 1
Buyer

Mirova

Paris, France
Category Company
Sector Financial Services
DESCRIPTION

Mirova is a management company dedicated to sustainable investment that combines long-term value creation and sustainable development. The company's talents aim to continue innovating in order to offer their clients solutions with high environmental and social impact. Mirova is based in Paris, France.

DEAL STATS #
Overall 1 of 3
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Norway M&A 1 of 1
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Proxiserve

Levallois-Perret, France

Proxiserve is an utility group that provides energy services and submeters. Proxiserve offers, under long-term contractors, installation, maintenance and metering services for heating installations and water distribution in co-ownership and shared accommodation buildings in France. Proxiserve is based in Levallois-Perret, France.

Buy -

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 5 of 10
Sector: Utilities M&A 2 of 4
Type: Add-on Acquisition M&A Deals 4 of 6
Country: Norway M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Ecoeridania

Arenzano, Italy

Ecoeridania is a service company and consultancy in the environmental sector. Ecoeridania was founded in 1988 and is based in Arenzano, Italy.

Buy -
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