M&A Deal Summary

OMERS Infrastructure Acquires Caruna

On March 24, 2014, infrastructure investor OMERS Infrastructure acquired utilities company Caruna for 2.6B EUR

Acquisition Highlights
  • This is OMERS Infrastructure’s 4th transaction in the Utilities sector.
  • This is OMERS Infrastructure’s 0th largest (disclosed) transaction.
  • This is OMERS Infrastructure’s 1st transaction in Finland.
Investment Fate
  • Caruna was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2014-03-24
Target Caruna
Sector Utilities
Buyer(s) OMERS Infrastructure
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 2.6B EUR

Target

Caruna

Caruna, Finland
Caruna is a regulated electricity distribution utility serving southern, south-western, western and northern Finland and is the country’s largest electricity distribution network. Caruna is based in Caruna, Finland.

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Buyer(S) 1

Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.

DEAL STATS #
Overall 25 of 52
Sector (Utilities) 4 of 9
Type (Buyout (LBO, MBO, MBI)) 20 of 23
Country (Finland) 1 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 NextBridge Infrastructure

Wawa, Ontario, Canada

NextBridge Infrastructure is a provider of deliver transmission projects on-time and on-budget, bring additional resources and innovative ideas to transmission project development, construction and operations in ontario and support competition in transmission to drive economic efficiency in ontario's transmission sector for the benefit of the Ontario electricity ratepayer. NextBridge Infrastructure is based in Wawa, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Ellevio

Sweden, Sweden

Ellevio is a provider of electricity flowing silently from the sockets at home into mobile phones, coffee makers and bedside lamps Or into the electric motor that makes lifts, pumps and cranes spin and work. In total, 7,000 miles of lines supply close to a million households and businesses in Sweden with electricity. Ellevio was founded in 2015 and is based in Sweden.

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