M&A Deal Summary

Northleaf Capital Partners and HICL Infrastructure Acquire Northwest Parkway

On December 2, 2016, asset manager Northleaf Capital Partners and infrastructure investor HICL Infrastructure acquired infrastructure company Northwest Parkway from BRISA Auto-estradas de Portugal

Acquisition Highlights
  • This is Northleaf Capital Partners’ 1st and HICL Infrastructure’s 1st transaction in the Infrastructure sector.
  • This is Northleaf Capital Partners’ 3rd and HICL Infrastructure’s 1st transaction in the United States.
  • This is Northleaf Capital Partners’ 1st and HICL Infrastructure’s 1st transaction in Colorado.

M&A Deal Summary
Date 2016-12-02
Target Northwest Parkway
Sector Infrastructure
Buyer(s) Northleaf Capital Partners
HICL Infrastructure
Sellers(s) BRISA Auto-estradas de Portugal
Deal Type Divestiture

Target

Northwest Parkway

Broomfield, Colorado, United States
Northwest Parkway is a nine mile toll highway that forms part of the beltway system extending around the Denver Metropolitan area. Northwest Parkway was founded in 2007 and is based in Broomfield, Colorado.

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Buyer(S) 2

Buyer

Northleaf Capital Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2009
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northleaf Capital Partners is an asset management firm focused on private equity, private credit, and infrastructure investment opportunities. The Firm's private equity group looks to make fund, secondary, as well as direct investments. Within its direct investing practice, Northleaf will consider a variety of middle-market investment situations including growth capital financings, successions, consolidations, and other special situations. Northleaf Capital Partners was established in 2009 and is based in Toronto, Ontario.

DEAL STATS #
Overall 7 of 24
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 6
State (Colorado) 1 of 1
Country (United States) 3 of 13
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-01 Navigator Terminals

Grays, United Kingdom

Navigator Terminals is the owner and operator of four independent portside bulk liquid storage terminals across the United Kingdom in London (Thames), Teesside (Seal Sands and North Tees) and Barry (Windmill) storing a mix of petroleum products, petrochemicals, chemicals, gases, and fats and oils across a combined total capacity of 1.3 million cubic metres. Navigator Terminals was founded in 2016 and is based in Grays, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Lal Lal Wind Farms

Lal Lal, Australia

Lal Lal Wind Farms is a 228-megawatt development with 60 turbine, built across 2,100 hectares of land in the Moorabool Shire, occupying sites at Yendon and Elaine near Ballarat. Lal Lal Wind Farms was founded in 2016 and is based in Lal Lal, Australia.

Buy -
Buyer

HICL Infrastructure

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2006
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

HICL is a long-term equity investor in social, transportation and similar infrastructure projects. The Firm will consider opportunities in developed markets such as the UK, North America, Australia/New Zealand, and certain countries in Europe. Target segments include public-private partnerships, regulated assets/utilities, and demand-based assets such as toll roads and housing. HICL was formed in 2006 and is headquartered in Guernsey, United Kingdom.

DEAL STATS #
Overall 2 of 3
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-25 Alpha Schools

London, United Kingdom

Alpha Schools (Highland) Limited is a GBP176m project to build 10 new schools in Scotland under a 30 year PFI contract and in which 3i Infrastructure Limited has committed to invest c.GBP7m. Construction has started and the target date for completion of all schools is 2010.

Buy £21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 ADTiM

Portes-les-Valence, France

ADTiM is an infrastructure wholesale and open-access telecom operator company. ADTiM was founded in 2008 and is based in Portes-les-Valence, France.

Buy -

Seller(S) 1

SELLER

BRISA Auto-estradas de Portugal

Sao Domingos de Rana, Portugal
Category Company
Founded 1972
Sector Infrastructure
DESCRIPTION

BRISA Auto-estradas de Portugal international highway operator and the largest transport infrastructure company with assets divided into five business areas: concessions, road services, vehicle inspections and international businesses (India, Holland and United States of America). BRISA Auto-estradas de Portugal was founded in 1972 and is based in Sao Domingos de Rana, Portugal.

DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Mergr

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